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Complete each of the following sentences: Your tastes determine the _____________ you derive from consuming a particular good. _______________ utility is the change in ________________

Complete each of the following sentences:

  1. Your tastes determine the _____________ you derive from consuming a particular good.
  2. _______________ utility is the change in ________________ utility resulting from a _______________ change in the consumption of a good.
  3. As long as the marginal utility is positive, total utility is ____________________________.
  4. The law of diminishing marginal utility states that as an individual consumes more of a good during a given time period, other things constant, total utility ________________________.

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