Explain how total utility can be rising at the same time that marginal – InterviewSolution

1.	Explain how total utility can be rising at the same time that marginal utility is falling.
Answer» The Law of Diminishing Marginal UtilityThe first good CONSUMED PROVIDES the highest utility, the SECOND good has a lower marginal utility, and so on. Therefore, total utility grows LESS rapidly with each additional unit consumed of the same good or service.

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