- Increases
- Decreases
- Remains constant
- Is highest
Answer: Option 1
When Marginal Utility is positive, Total Utility Decreases. When we say that the total utility is increasing at a diminishing rate, we mean that amount of change in total utility is decreasing with the consumption of every extra unit which is nothing but marginal utility.
Answer: Option 3 Tally Vault is like a lock which is not going to show company into the list of companies, due to which your company details will not be...
1 Answers 1 viewsAnswer: Option 1 Total utility is maximum when Marginal utility is zero. It is based in the law of diminishing marginal utility which says 'as more and more units of...
1 Answers 1 viewsAnswer: Option 1 When marginal revenue is zero, total revenue is Maximum. The profit maximizing quantity and price can be determined by setting marginal revenue equal to zero, which occurs...
1 Answers 1 viewsAnswer: Option 3 A consumer is in equilibrium when marginal utilities are equal. A consumer is in equilibrium when he derives maximum satisfaction from the goods and is in no...
1 Answers 1 viewsAnswer: Option 4 When marginal is negative, it must be true that the total is decreasing. Marginal utility may decrease into negative utility, as it may become entirely unfavorable to...
1 Answers 1 viewsAnswer: Option 2 When Marginal Utility is zero, Total Utility is maximum. It is based in the law of diminishing marginal utility which says 'as more and more units of...
1 Answers 1 viewsAnswer: Option 3 When total utility becomes maximum, then marginal utility will be Zero. It is based in the law of diminishing marginal utility which says 'as more and more...
1 Answers 1 viewsAnswer: Option 2 Marginal utility is equal to average utility at that time when average utility is maximum.
1 Answers 2 viewsAnswer: Option 3 Under Numerical rating method of underwriting does an underwriter assign positive rating points for all negative or adverse factors (negative points for any positive or favourable factors)....
1 Answers 1 viewsAnswer: Option 1 The total utility can be maximised by equality of income throughout the community, i.e., by giving extra income from the rich to the poor. So, I is...
1 Answers 1 views