Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If marginal utility is negative, total utility increases at a decreasing rate. the consumer considers extra units of the commodity to be a bad. the

If marginal utility is negative,

total utility increases at a decreasing rate.

the consumer considers extra units of the commodity to be a "bad."

the consumer will want to cosume the unit only if it is free.

the consumer likes the commodity, but not as much as he or she once did.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

New Products Management

Authors: C Merle Crawford

12th Edition

1260512010, 9781260512014

More Books

Students also viewed these Economics questions

Question

1) can you answer the F value only in this question?

Answered: 1 week ago