Question

Match the following.

a) Total utility of a commodity is maximum when
b) Marginal utility of a commodity
c) When marginal utility is negative, total utility
d) As, per consumer's equillibrium theory, to reach consumer's equillibrium a consumer can

i) Change the quantity of the commodity

Total utility starts diminishing


i) Always decreases with

increase in quantity.

iv) Marginal utility is zero ​

Answer 1

Answer:

Match the following.

a) Total utility of a commodity is maximum when

b) Marginal utility of a commodity

c) When marginal utility is negative, total utility

d) As, per consumer's equillibrium theory, to reach consumer's equillibrium a consumer can

i) Change the quantity of the commodity

Total utility starts diminishing

i) Always decreases with

increase in quantity.

iv) Marginal utility is zero