You could increase utility by consuming more \boxed{} and fewer \boxed{}.
Added by David B.
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Manasvee S.
In economics, total utility refers to the total satisfaction from consuming some commodity. According to the economist Samuelson: $^{14}$ As you consume more of the same good, the total (psychological) utility increases. However, $\ldots$ with successive new units of the good, your total utility will grow at a slower and slower rate because of a fundamental tendency for your psychological ability to appreciate more of the good to become less keen. (a) Sketch the total utility as a function of the number of units consumed. (b) In terms of derivatives, what is Samuelson saying?
Key Concept: The Derivative
The Second Derivative
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