The table given below depicts the total utility derived from the consumption of a good.Table 7.1

-According to Table 7.1, marginal utility _____.
A)increases from the first unit to the third unit and then declines
B)decreases from the third unit to the fifth unit only
C)increases from the first unit to the third unit and decreases from the third unit to the fifth unit
D)decreases from the first unit to the fifth unit
E)increases from the fourth unit

Question

The table given below depicts the total utility derived from the consumption of a good.Table 7.1
 
-According to Table 7.1, marginal utility _____.
A)increases from the first unit to the third unit and then declines 
B)decreases from the third unit to the fifth unit only 
C)increases from the first unit to the third unit and decreases from the third unit to the fifth unit 
D)decreases from the first unit to the fifth unit 
E)increases from the fourth unit

Quizplus · Accepted Answer

Marginal utility typically decreases as more units of a good are consumed, reflecting the law of diminishing marginal utility.

The Table Given Below Depicts the Total Utility Derived from the Consumption