If a consumer buys more of good X and less of good Y, the _______ of good X will _______ , and the ________ of good Y will _______ .
A) marginal utility; fall; marginal utility; rise
B) marginal utility; rise; marginal utility; fall
C) total utility; fall; marginal utility; rise
D) marginal utility; rise; total utility; rise

Question

Quizplus · Accepted Answer

According to the law of diminishing marginal utility, as a consumer buys more of good X, the additional satisfaction (marginal utility) from consuming one more unit of good X decreases. Conversely, buying less of good Y would increase its marginal utility because the less of it you have, the more you value an additional unit.

If a Consumer Buys More of Good X and Less