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(8, 14) thx True False Answer Bank Diminishing marginal utility means that consumption of an additional unit decreases utility. Marginal utility is the extra satisfaction

(8, 14) thx

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True False Answer Bank Diminishing marginal utility means that consumption of an additional unit decreases utility. Marginal utility is the extra satisfaction experienced by one additional unit of consumption. Marginal utility is always positive. Numerical utility values are relatively easy to calculate. Utility is a measure of the satisfaction people receive from their choices. If you eat a slice of pizza that gives you food poisoning, your utility will likely decrease. Marginal utility is always negative

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