Which of these can be referred to as ‘point of satiety’?
i) Marginal Utility is negative
ii) Marginal utility is zero
iii) Total Utility is rising
iv) Total Utility is falling
ii) Marginal utility is zero.
Which of the can be referred to as 'Point of satiety"? (i) Marginal Utility is negative (ii) Marginal utility is zero (iii) Total Utility is rising (iv) Total Utility is falling
When marginal utility is zero, total utility is:
a. Zero
b. Minimum
c. Maximum
d. Negative