Multiple Choice
As a general rule, marginal utility will be less:
A) as less of the good is consumed.
B) as more of the good is consumed.
C) when average utility is at a maximum.
D) only when the good is inferior.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q23: If total utility from consuming two cups
Q24: The demand curve is downward-sloping because of
Q25: Consumer equilibrium exists when:<br>A) the marginal utility
Q26: Greg spends his entire budget on two
Q27: On Thanksgiving, Jake's mother gives him a
Q29: A utility-maximizing consumer is currently spending all
Q30: Assume the price of Coca-Cola increases. As
Q31: Suppose that for Merv the marginal utility
Q33: Assume that an individual consumes only coffee
Q204: When the price of a good falls,