When total utility is maximum marginal utility is
Asked by admin @ in Math viewed by 260 People
When Total utility is maximum, Marginal utility is:
(a) Maximum (b) Minimum (c) Zero (d) Negative
Asked by admin @ in Math viewed by 260 People
When Total utility is maximum, Marginal utility is:
(a) Maximum (b) Minimum (c) Zero (d) Negative
Answered by admin @
Answer:
ANSWER
Total utility is the sum of all marginal utilities derived from consumption of each additional unit of a commodity. When marginal utility is zero, the consumer derives no further utility from consumption and any further consumption will lead to negative marginal utility. Thus, the total utility is maximum at this point and any further consumption of that commodity will lead to a diminishing total utility.
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