Question 1
The law of diminishing marginal utility is in effect when marginal utility is
◦ positive and increasing.
◦ positive and decreasing.
◦ initially zero and then increasing.
◦ initially zero and then decreasing.
Question 2
Refer to the information provided in Table 6.3 below to answer the question(s) that follow.

Refer to Table 6.3. The marginal utility of the second dozen oysters per day is
◦ 20.
◦ 30.
◦ 44.
◦ 104.