MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Total Revenue and Marginal Revenue

What happens ...

Question

What happens when marginal utility is zero?

Open in App

Solution

When the marginal utility is zero, the Total utility is at its maximum value.

Also read:

Difference Between Total Utility and Marginal Utility

Consumer Equilibrium Utility Analysis

Difference Between Cardinal and Ordinal Utility Study Material

Utility

Learn about more questions and answers on business studies and various other commerce topics from our website.

Suggest Corrections

thumbs-up

0

Similar questions

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 the marginal utility is the maximum, the total utility will be zero.

Q. When marginal utility is zero, the total utility is _______.

Q. According to the law of diminishing marginal utility, at what rate does total utility increase and what happens to marginal utility?

Q. When marginal utility (MU) is zero, total utility (TU) diminishes.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Monopolist's Problem

ECONOMICS

Watch in App

explore_more_icon

Explore more

Total Revenue and Marginal Revenue

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon