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प्रश्न
Answer the following question.
Define marginal utility. When can it be negative?
उत्तर
Marginal utility is the net addition made to total utility by the consumption of an additional unit. `""^"M"u_"n" = ""^"T"u_"n" – ""^"T"u_"n" - 1`. when total utility is maximum, marginal utility is zero.
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संबंधित प्रश्न
State whether the following statements are TRUE or FALSE:
Marginal utility increases with increase in consumption.
Do you agree with the following statements? Give reasons.
Marginal utility and Total utility is same.
Fill in the blanks with appropriate alternatives given in the bracket.
Marginal consumption function is always ________.
Fill in the blank with appropriate alternatives given below:
Marginal utility diminishes, as consumption of commodity ________.
Fill in the blank with appropriate alternatives given below:
_________________ utility is the utility derived from the last unit of the commodity consumed.
Fill in the blank with appropriate alternatives given below:
When MU is ______________ TU decreases.
Define or explain the following concept:
Marginal utility
Give reason or explain:
Utility is ethically neutral.
Write short note on:
Equi-marginal utility
Answer the following question:
Explain the relationship between TU and MU.
State with reason whether you agree or disagree:
When MU is zero, TU diminishes.
Answer the following question.
Discuss briefly, using a hypothetical schedule, the relation between marginal utility and total utility.
Choose the correct answer from given options
When marginal utility is zero, total utility is
Explain the Law of Equi-Marginal Utility
