Assuming that diminishing marginal utility applies to both goods,if a consumer buys more plastic bins and fewer door hooks,the _____ utility of plastic bins will _____,and the _____ utility of door hooks will _____.
A)marginal;fall;marginal;rise
B)marginal;fall;marginal;fall
C)total;fall;marginal;rise
D)marginal;rise;total;rise

Question

Quizplus · Accepted Answer

According to the principle of diminishing marginal utility, as a consumer buys more of a good (in this case, plastic bins), the additional satisfaction (marginal utility) from each additional unit decreases. Conversely, buying fewer of another good (door hooks) means the marginal utility of the next unit of that good would increase if the consumer were to purchase more, because they are consuming less of it currently.

Assuming That Diminishing Marginal Utility Applies to Both Goods,if a Consumer