Table 6.1
$$\begin{array} { | c | c | }
\hline \text { Pretzels } & \text { Marginal Utility } \
\hline 1 & 30 \
\hline 2 & 20 \
\hline 3 & 5 \
\hline 4 & 2 \
\hline
\end{array}$$
-Refer to Table 6.1,which shows the marginal utility of each additional unit of pretzel for a consumer.The first column of the table shows the number of pretzels consumed in a day,and the second column of the table shows the marginal utility of each additional unit of pretzel.Total utility is _____ and marginal utility is _____ with the consumption of each extra pretzel.
A)increasing; decreasing
B)increasing; increasing
C)decreasing; increasing
D)decreasing; decreasing
E)increasing; staying the same

Question

Table 6.1
 $$\begin{array} { | c | c | } 
\hline \text { Pretzels } & \text { Marginal Utility } \
\hline 1 & 30 \
\hline 2 & 20 \
\hline 3 & 5 \
\hline 4 & 2 \
\hline
\end{array}$$
-Refer to Table 6.1,which shows the marginal utility of each additional unit of pretzel for a consumer.The first column of the table shows the number of pretzels consumed in a day,and the second column of the table shows the marginal utility of each additional unit of pretzel.Total utility is _____ and marginal utility is _____ with the consumption of each extra pretzel.
A)increasing; decreasing
B)increasing; increasing
C)decreasing; increasing
D)decreasing; decreasing
E)increasing; staying the same

Quizplus · Accepted Answer

Total utility increases as more pretzels are consumed, as indicated by the positive marginal utility values. However, the marginal utility decreases with each additional pretzel, showing diminishing additional satisfaction.

Table 61 -Refer to Table 6