Economy, asked by soumyaranjandas51, 1 year ago

marginal utility of first unit is equal to total utility​

Answers

Answered by lidiajames400
1

Answer:

Yes. Graphically, the marginal utility curve appears below the total utility curve, however, both curves start at the same level of utils and it is only at this point that they are equal. These curves never meet again thereafter. TU curve rises then diminishes after some instance, on the other side MU is at zero when TU is at maximum, MU is negative as TU is diminishing.

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