question 13 0.5 pts as you consume additional burritos, marginal utility _______ and total utility _______…
question 13 0.5 pts as you consume additional burritos, marginal utility _______ and total utility _______. decreases; decreases increases; increases decreases; increases increases; decreases
Answer
Brief Explanations:
According to the law of diminishing marginal utility, as more of a good (burritos here) is consumed, the additional satisfaction (marginal utility) from each additional unit decreases. However, total utility still increases as long as marginal utility is positive, but at a decreasing rate.
Answer:
C. decreases; increases