13. Total Utility derived from Consumption of commodity will begin to fall a) With every additional unit consumed. b) When Total Utility curve becomes flat. c) When Marginal Utility starts falling. d) When Marginal Utility starts falling.
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Explanation:
When a consumer consumes more and more units of a commodity, the marginal utility derived from the consumption of each additional unit of the commodity tends to fall. Further, the utility may become zero and even negative. This is known as the Law of Diminishing Utility.
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Explanation:
Option c) is correct one where the marginal utility starts falling.
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