question 5 0.5 pts suppose the law of diminishing marginal utility holds. as a consumer consumes more units…

question 5 0.5 pts suppose the law of diminishing marginal utility holds. as a consumer consumes more units of the same good, then total utility: decreases as long as marginal utility is positive. is negative as long as marginal utility is decreasing. increases at a decreasing rate. increases at a faster and faster pace.

question 5 0.5 pts suppose the law of diminishing marginal utility holds. as a consumer consumes more units of the same good, then total utility: decreases as long as marginal utility is positive. is negative as long as marginal utility is decreasing. increases at a decreasing rate. increases at a faster and faster pace.

Answer

Brief Explanations:

The law of diminishing marginal utility states that as a consumer consumes more of a good, the additional satisfaction (marginal utility) from each additional unit decreases. Total utility is the sum of marginal utilities. When marginal utility is positive, total utility increases. But since marginal utility is diminishing, total utility increases at a decreasing rate.

Answer:

C. Increases at a decreasing rate.