If you have Marginal utility of 2 with a Total utility equals to 56, then when marginal utility is reduce to zero while Total utility remains the same, what does it mean? a. satisfaction diminishes b. TU is maximum c. Quantity diminishes d. Marginal utility is maximum
If you have Marginal utility of 2 with a Total utility equals to 56, then when marginal utility is reduce to zero while Total utility remains the same, what does it mean? a. satisfaction diminishes b. TU is maximum c. Quantity diminishes d. Marginal utility is maximum
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 1.3P
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26. If you have Marginal utility of 2
with a Total utility equals to 56,
then when marginal utility is
reduce to zero while Total utility
remains the same, what does it
mean?
a. satisfaction diminishes
b. TU is maximum
c. Quantity diminishes
d. Marginal utility is maximum
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