Economics (AS & A Level) · Oct / Nov 2023 · Paper 31 · Question 1

Economists normally assume that the marginal utility from consuming additional goods is positive and diminishing. What is the effect on total satisfaction of consuming extra units of the good?

1. ATotal satisfaction falls at a decreasing rate.
2. BTotal satisfaction falls at an increasing rate.
3. CTotal satisfaction rises at a decreasing rate.
4. DTotal satisfaction rises at an increasing rate.

As printed in the paper