TABLE 6-6

-Refer to Table 6-6. The table gives Lola's total utility from purchasing pairs of shoes. As Lola purchases more pairs of shoes, what happens to her utility?
A) She experiences diminishing total utility.
B) She experiences diminishing marginal utility.
C) She receives less total utility.
D) She receives increasing amounts of marginal utility.

Question

TABLE 6-6
 
-Refer to Table 6-6. The table gives Lola's total utility from purchasing pairs of shoes. As Lola purchases more pairs of shoes, what happens to her utility?
A) She experiences diminishing total utility. 
B) She experiences diminishing marginal utility. 
C) She receives less total utility. 
D) She receives increasing amounts of marginal utility.

Quizplus · Accepted Answer

As Lola purchases more pairs of shoes, her total utility increases at a decreasing rate, indicating that she is experiencing diminishing marginal utility. This means that the additional satisfaction she receives from each unit of the good (pair of shoes) decreases as she consumes more of it.

TABLE 6-6 -Refer to Table 6-6. the Table Gives Lola's Total Utility