The table shows a consumer's utility schedule. Based on the data, you can conclude that the consumer
A) receives increasing marginal utility from consuming the first three units.
B) experiences diminishing marginal utility after consuming the first unit.
C) experiences diminishing marginal utility only after consuming the fourth unit.
D) will never consume just one unit of the product.

Question

The table shows a consumer's utility schedule.  Based on the data, you can conclude that the consumer
A) receives increasing marginal utility from consuming the first three units. 
B) experiences diminishing marginal utility after consuming the first unit. 
C) experiences diminishing marginal utility only after consuming the fourth unit. 
D) will never consume just one unit of the product.

Quizplus · Accepted Answer

The Answer of The table shows a consumer's utility schedule.  Based on the data, you can conclude that the consumer
A) receives increasing marginal utility from consuming the first three units. 
B) experiences diminishing marginal utility after consuming the first unit. 
C) experiences diminishing marginal utility only after consuming the fourth unit. 
D) will never consume just one unit of the product.

The Table Shows a Consumer's Utility Schedule