modern approach to theory utility is known as _________ approach.

Traditional approach to theory utility is known as ___________ approach.

When the total utility reaches maximum, the slope of the marginal utility curve would be ___________.

When the first unity of a good is consumed, the total and marginal utilities would be ________.

As long as total utility increases, marginal utility would be _______.

Total utility is a function of __________.

As per traditional theory, utility can ___________.

Rationality assumption means that the consumer tries to maximize his __________.

_____________ first proposed the theory of diminishing marginal utility