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HW-230 Discussion- Total utility
Suppose that you observe that total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative? When does the law of diminishing marginal utility set in and what does this illustrate about where you should stop consuming if you were eating at an all you can eat buffet?
Answer will be sent by email. It may take few hours to send the asnwer. You may email us if you have any query
Answer will be sent by email. It may take few hours to send the asnwer. You may email us if you have any query
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