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Question
When TU is increasing at a diminishing rate, MU must be _______.
When TU is increasing at a diminishing rate, MU must be _______.
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Solution
The correct option is C decreasing
When marginal utility diminishes, total utility increases at a decreasing rate as it is the summation of all marginal utility.
When marginal utility diminishes, total utility increases at a decreasing rate as it is the summation of all marginal utility.
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