Answered: As consumption of a certain good…

Business

Economics

As consumption of a certain good increase, marginal utility ______ *

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics

Section: Chapter Questions

Problem 5QP

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Question

As consumption of a certain good increase, marginal utility ______ *

Increases

Decreases

Increases then decreases

Decreases then increases

Definition Definition Satisfaction derived from the consumption of an additional unit of any commodity.

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