Question

Would you expect total utility to rise or fall with additional consumption of a good? Why?

Short answer

The total utility will rise with additional consumption of a good.

Step-by-step solution

Step 1. Introduction:

Total utility is the satisfaction received by an individual through the consumption of goods of choice. An individual can consume a bundle of goods pertaining to the budget constraint.

Step 2. Explanation:

If provided with unlimited income, an individual can consume any number of commodities desired, however, this is not possible in the real world. The most common pattern of total utility is that consuming extra goods gives greater total utility. But, the increase in utility due to an additional unit of good consumption rises at a decreasing rate.