For most families,total utility does NOT:
A)rise as income rises.
B)rise less quickly as income rises.
C)show increasing marginal utility.
D)show diminishing marginal utility.

Question

Quizplus · Accepted Answer

Total utility typically shows diminishing marginal utility, not increasing marginal utility, as consumption increases. This means that as a person consumes more of a good, the additional satisfaction (marginal utility) gained from consuming an additional unit of that good decreases.

For Most Families,total Utility Does NOT