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1.2 Individual economic decision making (A-level only)

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Question 12

According to the theory of diminishing marginal utility, if a consumer is consuming additional units of a product and their marginal utility is positive but falling:

total utility is increasing at a decreasing rate.

total utility is maximised.

average utility must be negative.

total utility is decreasing.

1.2 Individual economic decision making (A-level only) Questions

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  2. /Economics
  3. /1.2 Individual economic decision making (A-level only)