The total utility from consuming different amounts of Good A is as follows.

-From the table we can conclude that marginal utility:
A) increases at first and then decreases.
B) decreases at first and then increases.
C) increases from one through four units consumed.
D) decreases from one through four units consumed.

Question

The total utility from consuming different amounts of Good A is as follows.
 
-From the table we can conclude that marginal utility:
A) increases at first and then decreases. 
B) decreases at first and then increases. 
C) increases from one through four units consumed. 
D) decreases from one through four units consumed.

Quizplus · Accepted Answer

Marginal utility typically decreases as more units of a good or service are consumed, reflecting the principle of diminishing marginal utility. This principle states that as a person consumes more units of a good, the satisfaction (utility) gained from consuming each additional unit decreases.

The Total Utility from Consuming Different Amounts of Good a Is