When the slope of the total utility curve is declining, the marginal utility of a consumer will be increasing if he
- stops consuming more of the commodity
-
reduces the quantity consumed
- increases the quantity consumed
- consumes more of another commodity
The correct answer is: B
Explanation
Marginal utility refers to the additional satisfaction a consumer derives from the consumption of an additional unit of a product. As more and more of a product is consumed by that consumer, the utility/satisfaction he gets reduces.
Therefore, the marginal utility of a product is greater when a person has fewer of them, but as the accumulation of goods increases, the marginal utility of additional goods declines.