Multiple Choice
For all goods other than those that are addictive, and assuming that the quantity consumed is not so large that the last units consumed generate negative marginal utilities, we can say that, for the consumer, as more of the good is consumed, its marginal utility_____ while its total utility _____.
A) increases; decreases
B) decreases; increases
C) increases; increases
D) decreases; decreases
E) no general rule can be made here
Correct Answer:

Verified
Correct Answer:
Verified
Q123: Catherine's demand for fish takes the conventional
Q124: Suppose that Tracy Stuart spends all of
Q125: A utility-maximizing consumer would not consume more
Q126: An O. Henry short story tells about
Q127: If a consumer is choosing the optimal
Q129: A series of ascending indifference curves is
Q130: Consumers maximize their total utility subject to
Q131: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -Refer to Exhibit
Q132: Suppose you spent your entire budget on
Q133: The water-diamond paradox discussed in the text