The marginal utility curve is: A) upsloping because of increasing marginal opportunity costs. B) upsloping because successive units of a specific product yield less and less extra utility. C) downsloping because of increasing marginal opportunity costs. D) downsloping because successive units of a specific product yield less and less extra utility.

Question

Tiana Baird

Business

2 April, 14:17

The marginal utility curve is: A) upsloping because of increasing marginal opportunity costs. B) upsloping because successive units of a specific product yield less and less extra utility. C) downsloping because of increasing marginal opportunity costs. D) downsloping because successive units of a specific product yield less and less extra utility.

+1

Answers (1)

Know the Answer?

Adrian · Answer 1

D) downsloping because successive units of a specific product yield less and less extra utility.

Explanation:

The marginal utility curve is downsloping because successive units of a specific product yield less and less extra utility or benefits.

It gives the relationship between the utility derived from the consumption of an additional unit of a good and the quantity of the good consumed.