Answer Question 2 only: According to the law of diminishing marginal utility, as the consumption of a particular good increases,O A. total utility decreases.C B. marginal utility decreases.OC. marginal utility increases.O D. total utility increases by larger and larger amounts.Use the information in the following table to calculate the marginal utility from consuming the second ice cream cone.Ice Cream ConesTotal UtilityMarginal Utility1018?6.428O A. 8О В. 9O C. 10O D. 18

Marginal utility is the additional utility earned with an additional unit consumed.

Answered: Ice Cream Cones Total Utility Marginal…

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Economics

Ice Cream Cones Total Utility Marginal Utility 10 18 ? 3 6 28 O A. 8 о в. 9 OC. 10 O D. 18

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter21: Demand: Consumer Choic

Section: Chapter Questions

Problem 1E

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Question

Answer Question 2 only:

According to the law of diminishing marginal utility, as the consumption of a particular good increases,
O A. total utility decreases.
C B. marginal utility decreases.
OC. marginal utility increases.
O D. total utility increases by larger and larger amounts.
Use the information in the following table to calculate the marginal utility from consuming the second ice cream cone.
Ice Cream Cones
Total Utility
Marginal Utility
10
18
?
6.
4
28
O A. 8
О В. 9
O C. 10
O D. 18

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