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Question
Questions:
- When Total utility increases Marginal utility ______ (1m)
- Name the unit where consumer will be derived disutility_______ (1m)
- When the total utility is maximum, the marginal utility is____(1m)
- Name the unit where consumer will derive maximum satisfaction__ (1m)
Solution
- When Total utility increases Marginal utility falls.
- The unit where consumer will be derived disutility - Unit no. 7
- When the total utility is maximum, the marginal utility is zero.
- The unit where consumer will derive maximum satisfaction - Unit no. 6
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