Complete Table 19.2 below:
$\begin{array}{lll}
\text { Quantity } & \text { Total } & \text { Marginal } \
\underline{\text { Consumed }} & \underline{\text { Utility }} & \underline{ \text { Utility }} \
1 & 15 & 15 \
2 &\underline{\quad\quad} & 9 \
3 & 30&\underline{\quad\quad}\
4&\underline{\quad\quad}&3\
\end{array}$

$\text {Table $19.2$}$
In Table 19.2, diminishing marginal utility occurs
A)With the second and fourth units only.
B)With the first and third units only.
C)Only with the second unit.
D)With all units after the first.

Question

Complete Table 19.2 below:
$\begin{array}{lll}
\text { Quantity } & \text { Total } & \text { Marginal } \
 \underline{\text { Consumed }} & \underline{\text { Utility }} & \underline{ \text { Utility }} \
 1 & 15 & 15 \
2 &\underline{\quad\quad} & 9 \
3 & 30&\underline{\quad\quad}\
4&\underline{\quad\quad}&3\
\end{array}$

$\text {Table $19.2$}$
 In Table 19.2, diminishing marginal utility occurs
A)With the second and fourth units only.
B)With the first and third units only.
C)Only with the second unit.
D)With all units after the first.

Quizplus · Accepted Answer

Diminishing marginal utility occurs with all units after the first. This means that as more units are consumed, the additional satisfaction or utility received from each additional unit decreases.

Complete Table 19 Table 19.2\text {Table \(19.2\)}Table 19.2 In Table 19

Complete Table 19 $\text {Table \(19.2\)}$ In Table 19