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Question
Total utility increases at increasing rate.
Total utility increases at increasing rate.
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Solution
The correct option is B False
Total utility increases till the time marginal utility is increasing. When marginal utility starts to reduce, total utility reduces. Marginal utility almost immediately begins to reduce. Hence, the statement is false.
Total utility increases till the time marginal utility is increasing. When marginal utility starts to reduce, total utility reduces. Marginal utility almost immediately begins to reduce. Hence, the statement is false.
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