As More of a Product Is Consumed, Total Utility Increases

question 239

Multiple Choice

As more of a product is consumed, total utility increases until

• A) marginal utility increases at an increasing rate.
• B) average utility increases at an increasing rate.
• C) marginal utility is negative.
• D) average utility decreases.

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Definitions:

Self-description

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Personal Information

Data or details that pertain to an individual’s identity, background, or personal characteristics, often protected for privacy reasons.

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