📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    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
    More Alternate Sources of Finance Questions
    ask-question