Asked by

melanie pitcher
on Dec 05, 2024

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If total utility is rising as more salsa is consumed,we can definitely say that marginal utility is:

A) falling.
B) constant.
C) rising.
D) greater than zero.

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Total Utility

The total satisfaction or benefit a consumer receives from consuming a particular quantity of a good or service.

Salsa

a spicy sauce of tomatoes, onions, and chili peppers commonly used in Latin American cuisine.

  • Highlight the discrepancies between marginal utility and total utility.
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SG
Suyash GoenkaDec 08, 2024
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