Question
Which of the following statements is true regarding
Marginal utility? i. Marginal Utility is the additional satisfaction a consumer gains from consuming one more unit of a good or service. ii. Marginal utility is an important economic concept because economists use it to determine how much of an item a consumer will buy iii. Positive marginal utility is when the consumption of an additional item increases the total utility. iv. Negative marginal utility is when the consumption of an additional item decreases the total utility.Solution
The correct answer is E
Who was named the fashion icon by the Council of Fashion Designers of America?
Who became South Korea’s first civilian Defence Minister in over 60 years?
World Zoonoses Day 2025 commemorates which historical medical achievement?
Cambridge Dictionary has announced "______" as its Word of the Year 2021.
What is the primary focus of the partnership between Google Cloud and CERT-In in the field of Generative Artificial Intelligence (AI) and Cybersecurity?
What is the primary objective of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)?
The Reserve Bank of India has accorded approval to ICICI Prudential Asset Management Company Ltd (ICICI AMC) for acquiring up to 9.95 per cent stake in ...
Which state received the highest Foreign Direct Investment (FDI) in Q1 FY 2024-25?
On which date is World Bamboo Day observed every year?
Which Armed Force recently signed a Memorandum of Understanding (MoU) with the Indian Railway Catering and Tourism Corporation (IRCTC) to ensure the saf...
