Which of the following is TRUE as the consumption of a good increases. O total utility increases at a decreasing rate O marginal utility increases at an increasing rate total utility decreases, at an increasing rate Question 5 What is the total utility at 4 units and the marginal utility when Jack goes from consuming three units to four units of oranges? Quantity Marginal Utility 1 2 3 4 5 6 35 25 15 10 D -5 O Total utility-25: Marginal Utility-10 Total utility-85: Marginal Utility - 5 Total utility-85: Marginal Utility-10 O Question 6 The law of diminishing marginal utility is when any increased consumption of a good total utility marginal utility. increases, and increases O decreases, and increases O increases and decreases Question 7
