question archive Suppose that you observe that total utility rises as more of an item is consumed
Suppose that you observe that total utility rises as more of an item is consumed
Subject:EconomicsPrice: Bought3
Suppose that you observe that total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative? When does the law of diminishing marginal utility set in and what does this illustrate about where you should stop consuming if you were eating at an all you can eat buffet? Respond to at least two of your fellow students
