-Figure 6-6 shows the total utility that Jerry would receive from consuming several different quantities of apples per week.What can be said about Jerry's utility schedule for apples?
A)It conforms to the law of supply.
B)Marginal utility rises as consumption rises.
C)Average utility rises as consumption rises.
D)It conforms to the law of diminishing marginal utility.
E)The marginal and total utility lines cross at four apples.

Question

-Figure 6-6 shows the total utility that Jerry would receive from consuming several different quantities of apples per week.What can be said about Jerry's utility schedule for apples?
A)It conforms to the law of supply. 
B)Marginal utility rises as consumption rises. 
C)Average utility rises as consumption rises. 
D)It conforms to the law of diminishing marginal utility. 
E)The marginal and total utility lines cross at four apples.

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as a person consumes more of a good, the additional satisfaction (marginal utility) from each additional unit decreases. This is a common pattern in utility schedules.

-Figure 6-6 Shows the Total Utility That Jerry Would Receive