Total utility increases if one more unit of a product is purchased and marginal utility is negative.
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Q5: The law of diminishing marginal utility states
Q6: An optimal purchase is one that maximizes
Q7: Marginal utility is measured by the maximum
Q8: Consumers should purchase quantities of a good
Q9: Because of diminishing marginal utility, total utility
Q11: Total utility can be objectively measured in
Q12: Total utility always decreases when additional amounts
Q13: As a rule, as a consumer acquires
Q14: In general, as a consumer acquires more
Q15: Marginal utility can fall even as total
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