If the marginal utility decreases, total utility also decreases? Yes or No
1
Expert's answer
2013-10-23T08:53:58-0400
No, it is true, when marginal utility is negative. As the total utility is the sum of marginal utilities, when marginal utility decrease, total utility increases, but with smaller temps of increase. And if marginal utility become negative and decreases further, then total utility decreases.
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments