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The table shows a consumer's utility schedule. Number of Units Consumed Total Utility 0 0 1 4 2 10 3 18 4 23 5 25
The table shows a consumer's utility schedule.
Number of Units Consumed | Total Utility |
---|---|
0 | 0 |
1 | 4 |
2 | 10 |
3 | 18 |
4 | 23 |
5 | 25 |
Marginal utility begins to diminish with the consumption of the
Multiple Choice
third unit.
fourth unit.
second unit.
fifth unit.
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