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Question
Complete the following statement by choosing the correct alternatives:
Point of Satiety means _______
Options
TU is rising and MU is falling.
TU is falling and MU is negative.
TU is maximum and MU is zero.
MU is falling and TU is rising.
MCQ
Fill in the Blanks
Solution
Point of Satiety means TU is maximum and MU is zero.
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RELATED QUESTIONS
Observe the given table and answer the questions given below:
| Units of a commodity | TU units | MU units |
| 1 | 6 | 6 |
| 2 | 11 | 5 |
| 3 | 15 | 4 |
| 4 | 15 | 0 |
| 5 | 14 | -1 |
- Draw the total utility curve and marginal utility curve.
- (i) When the total utility is maximum, marginal utility is ______.
(ii) When total utility falls, marginal utility becomes ______.
Observe the given table and answer the questions given below it:
| Unity of a commodity |
Total Utility (TU) units |
Marginal Utility (MU) units |
| 1 | 6 | `square` |
| 2 | `square` | 5 |
| 3 | 15 | 4 |
| 4 | 15 | `square` |
| 5 | `square` | -1 |
Questions:
- Complete the above table.
- a. When the total utility is maximum, marginal utility is - `square`
b. When total utility falls, the marginal utility becomes - `square`
Identify and explain the Concept from the given illustration:
Milind refused to eat the fourth chocolate after eating three chocolates.
Give an economic term:
A state beyond the point of satiety.
Identify and explain the concept from the given illustration:
Ankit refused to eat the fourth chapati after eating three chapatis.
