When total utility is maximum marginal utility is

Asked by admin @ 25/08/2021 in Math viewed by 262 People

When Total utility is maximum, Marginal utility is:

(a) Maximum (b) Minimum (c) Zero (d) Negative

Answered by admin @ 25/08/2021

Answer:

ANSWER

Total utility is the sum of all marginal utilities derived from consumption of each additional unit of a commodity. When marginal utility is zero, the consumer derives no further utility from consumption and any further consumption will lead to negative marginal utility. Thus, the total utility is maximum at this point and any further consumption of that commodity will lead to a diminishing total utility.

When marginal utility is zero total utility is

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When Marginal Utility is zero, Total Utility would be ---------- ? MinimumMaximumZeroNegative

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Total utility is best defined by which of the following

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