As more of a good is consumed, its marginal utility ________ and its total utility ________.
A) rises; rises
B) rises; falls
C) falls; rises
D) falls; falls

Question

Quizplus · Accepted Answer

As more of a good is consumed, its marginal utility typically falls due to the law of diminishing marginal utility, while total utility continues to rise until it reaches a maximum point.

As More of a Good Is Consumed, Its Marginal Utility