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As long as the principle of diminishing marginal utility is operating, any increased consumption of a good lowers total utili

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Answer #1

When we increase the consumption of any good repeatedly it lowers our marginal utility according to the law of diminishing marginal utility. But the total utility first increase at a diminishing rate and then declines

A) This is correct as MU decreases but here we have not talked about total utlity

B)This is also correct but it depends on what phase we are in

C) This is not correct

Hence, the most appropriate answer would be B


answered by: ANURANJAN SARSAM
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Answer #2

When we increase the consumption of any good repeatedly it lowers our marginal utility according to the law of diminishing marginal utility. But the total utility first increase at a diminishing rate and then declines

A) This is correct as MU decreases but here we have not talked about total utlity

B)This is also correct but it depends on what phase we are in

C) This is not correct

Hence, the most appropriate answer would be B

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