FIGURE 6-1
-Refer to Figure 6-1.The consumer's total utility is
A)increasing at an increasing rate.
B)increasing at a decreasing rate.
C)decreasing at an increasing rate.
D)decreasing at a decreasing rate.
E)constant.

Question

FIGURE 6-1
-Refer to Figure 6-1.The consumer's total utility is
A)increasing at an increasing rate. 
B)increasing at a decreasing rate. 
C)decreasing at an increasing rate. 
D)decreasing at a decreasing rate. 
E)constant.

Quizplus · Accepted Answer

The slope of the total utility curve is decreasing, indicating that the increase in utility is slowing down. Therefore, the consumer's total utility is increasing at a decreasing rate.

FIGURE 6-1 -Refer to Figure 6-1.The Consumer's Total Utility Is