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प्रश्न
Answer the following question :
Explain the relationship between ‘total utility’ and ‘marginal utility’.
उत्तर
The relationship between MU and TU is as :
(i) When MU is positive, TU rises.
(ii) When MU is zero, TU is maximum.
(iii) When MU is negative, TU falls. The following utility schedule and diagram illustrate the relationship :
| Units | TU | MU |
|
1 2 3 4 |
8 14 TU 18 rises 20 |
8 6 MU is + ve 4 2 |
| 5 | 20 ] TU Max. | 0] MU is zero |
| 6 | 18] TU falls | -2] MU is - ve |
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संबंधित प्रश्न
Answer the following question.
Explain the relationship between Total utility and Marginal utility.
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Marginal utility increases with increase in consumption.
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Marginal utility
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Utility is a psychological term.
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Utility is ethically neutral.
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Explain the relationship between TU and MU.
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Answer the following question.
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