Diminishing Marginal Utility Means That as More of a Good

question 165

Multiple Choice

Diminishing marginal utility means that as more of a good is consumed

• A) the rate at which total utility increases starts to diminish.
• B) the rate at which total utility increases stays the same.
• C) the rate at which total utility increases starts to increase.
• D) there is no impact on the rate of change of total utility.

---

Definitions:

Water-Purification Site

A facility or area dedicated to treating water to remove contaminants or impurities, making it safe for consumption.

Poor Suburb

A suburban area with low economic resources and standards of living, often lacking in adequate housing and services.

Wealthy Suburb

A wealthy suburb refers to a residential area situated on the outskirts of a major city that is affluent, characterized by high-income households and upscale amenities.

Global Environmental Damage

The degradation or harm caused to the Earth's ecosystems and environment through human activities, including pollution, deforestation, and climate change.