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ECO/204 ECO/204 WEEK 1 DQ2 -MARGINAL UTILITY-PRINCIPLES OF MICROECONOMICS -ANSWER KEY

ECO/204 ECO/204 WEEK 1 DQ2 -MARGINAL UTILITY-PRINCIPLES OF MICROECONOMICS -ANSWER KEY
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ECO/204 WEEK 1 DQ2 -MARGINAL UTILITY-PRINCIPLES OF MICROECONOMICS

Discussion 2 - Marginal 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?

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