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Question
When total utility becomes maximum, then marginal utility will be ______.
When total utility becomes maximum, then marginal utility will be ______.
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Solution
The correct option is C Zero
1:When total utility becomes maximum, then the marginal utility will be Zero.
2:It is based in the law of diminishing marginal utility which says 'as more and more units of a good are consumed, MU i.e level of satisfaction derived from each successive unit goes on falling because the desire for that commodity tends to fall.
1:When total utility becomes maximum, then the marginal utility will be Zero.
2:It is based in the law of diminishing marginal utility which says 'as more and more units of a good are consumed, MU i.e level of satisfaction derived from each successive unit goes on falling because the desire for that commodity tends to fall.
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