If total utility increases at a decreasing rate as a consumer consumes more coffee, then marginal utility must
A) remains constant.
B) increase also.
C) decrease.
D) be negative.
Correct Answer:
Verified
Q2: Marginal utility is the
A)total satisfaction received from
Q3: Suppose your marginal utility from consuming the
Q4: As a consumer consumes more and more
Q5: If a consumer receives 20 units of
Q6: If your total satisfaction increases when you
Q7: Marginal utility can be
A)negative.
B)zero.
C)positive.
D)positive, negative, or zero.
Q8: If a consumer receives 22 units of
Q9: Consumers maximize total utility within their budget
Q10: Total utility
A)cannot decrease as a person consumes
Q11: Consumers have to make tradeoffs in deciding
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