question 11\n0.5 pts\nas less of a good is consumed, its marginal utility ________ and its total utility…

question 11\n0.5 pts\nas less of a good is consumed, its marginal utility ________ and its total utility ________.\ndecreases; increases\ndecreases; decreases\nincreases; decreases\nincreases; increases

question 11\n0.5 pts\nas less of a good is consumed, its marginal utility ________ and its total utility ________.\ndecreases; increases\ndecreases; decreases\nincreases; decreases\nincreases; increases

Answer

Brief Explanations:

Marginal utility is the additional satisfaction from consuming one - more unit. As less of a good is consumed, the satisfaction from the last unit consumed (marginal utility) increases because the good becomes relatively more scarce and valuable. Total utility is the overall satisfaction from consuming all units. When less of a good is consumed, the overall satisfaction (total utility) decreases.

Answer:

C. increases; decreases