Answer to Question #64012 in Other Economics for Faisal

Question #64012
Marginal utility is zero when total utility is a. Is deceasing b. Is increasing c. Equal to marginal utility d. At its maximum e. Equal to zero Kindly tell the right answer of question and why
1
Expert's answer
2016-12-13T11:37:08-0500
d. At its maximum
This corresponds to the law of diminishing marginal utility. It says ‘as more and more units of a good are consumed, marginal utility (level of satisfaction derived from each successive unit) goes on falling because desire for that commodity tend to fall.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal