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Byju's Answer
Standard IX
Mathematics
Frequency Table
Consumer stop...
Question
Consumer stops purchasing the additional units of the commodity when:
A
Marginal utility starts declining
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B
Marginal utility becomes negative
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C
Marginal utility is equal to marginal utility of money
(
M
U
x
=
M
U
m
)
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D
Total utility is increasing
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Solution
The correct option is
C
Marginal utility is equal to marginal utility of money
(
M
U
x
=
M
U
m
)
Consumer stops purchasing when
M
U
x
=
P
x
, where, also
M
U
x
=
M
U
m
.
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0
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Q.
Fill in the blanks with appropriate alternatives given in the bracket:
1. _________________ refers to want satisfying power of a commodity. (Usefulness/ Utility/ Satisfaction/ Happieness)
2. Marginal utility diminishes, as consumption of commodity ________. (increases/ decreases/ remains constant/ become zero)
3. _________________ utility is the utility derived from the last unit of the commodity consumed. (Average/ Total/ Marginal/ Zero)
4. When MU is ______________ TU decreases. (positive/ negative/ zero/ high)