A utility-maximizing consumer would not consume more of a good if
A) marginal utility increases as more is consumed
B) total utility diminishes as more is consumed
C) MU/P

Question

A utility-maximizing consumer would not consume more of a good if
A) marginal utility increases as more is consumed
B) total utility diminishes as more is consumed
C) MU/P < 1
D) MU/P < 1.
E) MU/P = 1

Quizplus · Accepted Answer

The Answer of A utility-maximizing consumer would not consume more of a good if
A) marginal utility increases as more is consumed
B) total utility diminishes as more is consumed
C) MU/P < 1
D) MU/P < 1.
E) MU/P = 1

A Utility-Maximizing Consumer Would Not Consume More of a Good