Q3. What is the value of total utility at the point of satiety?
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Heya ...
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Total Utility is the total satisfaction driven out of the consumption of all the units of a commodity ..
Point of satiety is that where Marginal Utility is zero ..
And at this point Total Utility is maximum , it's value is high in its utiles ..
Thank you
See here for the answer...
============
Total Utility is the total satisfaction driven out of the consumption of all the units of a commodity ..
Point of satiety is that where Marginal Utility is zero ..
And at this point Total Utility is maximum , it's value is high in its utiles ..
Thank you
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