If consumption of each additional unit of a commodity is expected to give an increasing marginal utility, total utility derived by consumer will —
CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
If consumption of each additional unit of a commodity is expected to give an increasing marginal utility, total utility derived by consumer will —
Answer & Explanation:
Correct Answer: Option (B)
Correct answer: (B) Rise at an increasing rate as long as marginal utility keeps rising.
Topics: Business Economics
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