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प्रश्न
Choose the correct answer from given options
When marginal utility is zero, total utility is
विकल्प
zero
minimum
maximum
negative
उत्तर
When marginal utility is zero, total utility is maximum.
Hence, the correct answer is option maximum.
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संबंधित प्रश्न
Answer the following question.
Explain the relationship between Total utility and Marginal utility.
Answer the following question :
Explain the relationship between ‘total utility’ and ‘marginal utility’.
State whether the following statements are TRUE or FALSE:
Marginal utility increases with increase in consumption.
State whether the following statements are TRUE or FALSE:
In deficit budget, expenditure is more than income.
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:
_________________ utility is the utility derived from the last unit of the commodity consumed.
State the following statement is True or False:
MU and TU are equal at the initial stage.
Define or explain the following concept:
Total utility
Give reason or explain:
Utility is a psychological term.
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.
Define marginal utility. When can it be negative?
Answer the following question.
Discuss briefly, using a hypothetical schedule, the relation between marginal utility and total utility.
Explain the Law of Equi-Marginal Utility
Utility maximising consumers would like to decrease the consumption when ______.
