When Marginal Utility is zero, Total Utility is?

Question

When Marginal Utility is zero, Total Utility is?

Minimum
Maximum
Law of return
None of the above

LohaHridoy

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2025-01-04 04:42

1 Answers

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AhmedNazir · Accepted Answer · 2022-09-01T13:21:41+06:00

AhmedNazir

Answer: 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 a good are consumed, MU i.e level of satisfaction derived from each successive unit goes on falling because desire for that commodity tend to fall.

5 views Answered 2022-09-01 13:21