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Marginal Utility

At the time o...

Question

At the time of consumption of the _______ of a commodity the total utility, average utility and marginal utility are same.

A

1st unit

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B

2nd unit

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C

last unit

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D

3rd unit

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Solution

The correct option is C 1st unit
The total utility, marginal utility and average utility are same at the first unit of consumption of the consumer as at no level or zero level total utility, marginal utility and average utility -all are zero.

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