Multiple Choice
If I get 10 units of total utility (TU) from 2 oranges, 14 of TU from 3 oranges, and 17 of TU from 4 oranges, I obey the law of diminishing marginal utility because:
A) MU falls as consumption increases.
B) TU increases as consumption increases.
C) TU > MU.
D) MU > TU.
E) MU = TU.
Correct Answer:
Verified
Correct Answer:
Verified
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