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    Economics for Today Study Set 6
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    Exam 6: Consumer Choice Theory
  5. Question
    Exhibit 6-1 Total Utility for Good X
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Exhibit 6-1 Total Utility for Good X

Question 56

Question 56

Multiple Choice

Exhibit 6-1 Total utility for good X
Exhibit 6-1 Total utility for good X   As shown in Exhibit 6-1, the law of diminishing marginal utility is first observed at the: A)  first unit. B)  second unit. C)  third unit. D)  fourth unit.
As shown in Exhibit 6-1, the law of diminishing marginal utility is first observed at the:


A) first unit.
B) second unit.
C) third unit.
D) fourth unit.

Correct Answer:

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