Multiple-Choice Questions 1. If a consumer derives less utility from each additional unit consume a. no consumer surplus is enjoyed b. total utility is declining c. marginal utility will increase d. the law of diminishing marginal utility applies e. interpersonal comparisons of utility are meaningful 2. A total utility curve that has a positive slope but flattens out as more a. not reflect the law of diminishing marginal utility b. have a marginal utility curve that is upward sloping c. eventually get steeper d. have a marginal utility curve that is downward sloping e. eventually have a negative slope 3. One effect of an increase in the price of gasoline would be to a. decrease the demand for fuel efficient cars b. decrease consumer surplus c. discourage exploration for more oil d. decrease the quantity of gasoline supplied e. discourage research into alternative energy sources