As you consume more of a particular commodity, your total level of utility derived from that consumption will
A) increase at an increasing rate.
B) increase at a decreasing rate.
C) increase at a constant rate.
D) remain constant.

Question

Quizplus · Accepted Answer

As you consume more of a particular commodity, the marginal utility derived from each additional unit consumed decreases. Therefore, your total level of utility will increase at a decreasing rate.

As You Consume More of a Particular Commodity, Your Total