If Total Utility Increases at a Decreasing Rate as a Consumer

question 248

Multiple Choice

If total utility increases at a decreasing rate as a consumer consumes more coffee, then marginal utility must

• A)remains constant.
• B)increase also.
• C)decrease.
• D)be negative.

---

Definitions:

Economic Hardship

Financial strain experienced by individuals or households, often resulting from low income, unemployment, or significant debts.

Well-being

The state of being comfortable, healthy, or happy, encompassing both physical and mental aspects.

Bohannon

Refers to Paul Bohannon, an anthropologist known for his work on divorce and the phases individuals go through during the divorce process.

Disillusioned

Feeling disappointment upon discovering that something is not as good as one believed it to be.