New How to prepare ESI for NABARD Prelims & Mains- Sources & Strategy
Register

Question

Which one of the following statements is not correct?

A When total utility is maximum, marginal utility is zero Correct Answer Incorrect Answer
B When total utility is decreasing, marginal utility is negative Correct Answer Incorrect Answer
C When total utility is increasing, marginal utility is positive Correct Answer Incorrect Answer
D When total utility is maximum, marginal and average utility are equal to each other. Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Total utility - It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility Marginal utility - It is an addition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

Practice Next
×
×