JAMB Economics 2012 Objective — Question 12
Question 12 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.
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When the slope of the total utility curve is declining, the marginal utility of a consumer will be increasing if he
- A. stops consuming more of commodity
- B. reduces the quantity consumedCorrect
- C. increases the quantity consumed
- D. consumes more of another commodity
Explanation
If marginal utility diminishes with an increase in quantity, reducing the quantity consumed will make the marginal utility increase.
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