mickylie2327 mickylie2327
  • 21-01-2021
  • Business
contestada

At which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate

Respuesta :

Munali Munali
  • 25-01-2021

Answer:

a decreasing rate.

Explanation:

Total utility of an individual is the satisfaction which is achieved by consuming one additional unit of good. When a person achieves more goods his marginal utility declines. When the total utility is increased, the rate of utility is decreasing.

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