Diminishing marginal utility of income

Discussion in 'CT7' started by Rupel, Mar 11, 2017.

  1. Rupel

    Rupel Member

    IMG_6270.JPG Hey, it will be very helpful if someone could please tell me how total utility decreases at an increasing rate as income increases. It's problem number 7 in the attachment. Kindly reply. Thanks.
     

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