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Britney Jones
on Oct 12, 2024

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As long as total utility is increasing,we know that marginal utility is

A) positive.
B) decreasing.
C) increasing.
D) negative.

Total Utility

The overall satisfaction or benefit received by consuming a product or service.

Marginal Utility

The additional satisfaction a consumer gains from consuming one more unit of a good or service.

  • Absorb knowledge on how total and marginal utility contribute to consumption decision-making.
  • Grasp the significance of marginal utility and how it relates to total utility increases or decreases.
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Perilous PropheciesOct 19, 2024
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