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Negative marg...

Question

Negative marginal utility denotes more satisfaction.

A

True

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B

False

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Solution

The correct option is B False
Negative marginal utility would mean that, now the total utility will reduce. This means the consumption of the product is causing a reduction in the overall satisfaction of the consumer.

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Q. State the following statements are True or False:

1. Utility depends upon intensity of want.

2. Utility is the basis of demand.

3. MU and TU are equal at the initial stage.

4. The law of diminishing marginal utility explains economic behaviour of a rational consumer.

5. Negative MU denotes more satisfaction.

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)

Q. When marginal utility is negative, total utility is __________.

Q. When marginal utility is negative, total utility will be __________.

Q. When total utility (TU) increases marginal utility (MU) is negative.

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