alleryStart learning →Diminishing marginal utility means the total utility from extra units continues to rise but at a rate that is:
AFully constant
BDown to zero
CSlowing down
DSpeeding up
Answer & Solution
Correct answer: C. Slowing down
1. Total and marginal utility move together but not identically.
2. Total utility is the total amount of satisfaction from all units consumed.
3. Marginal utility is the additional utility from one additional unit.
4. The additional utility decreases with each unit added.
5. So total utility keeps rising while its rate of increase slows down.
_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 6 'Consumer Choices'_
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