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    Microeconomics Study Set 45
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    Exam 7: Utility Maximization
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    If a Product Has a Diminishing, but Positive, Marginal Utility
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If a Product Has a Diminishing, but Positive, Marginal Utility

Question 221

Question 221

Multiple Choice

If a product has a diminishing, but positive, marginal utility, then


A) total utility decreases at an increasing rate.
B) total utility will become negative.
C) total utility increases at a diminishing rate.
D) total utility decreases at a diminishing rate.

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