What happens to MU when TU is maximum and constant
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When a consumer goes on to consume the units of a commodity continuously the marginal utility derived from the successive units of the commodity goes on to fall constantly while other factors are held constant.
From the above statement regarding the consumer behavior the relationship between total utility (TU) and marginal utility (MU) is deducted as under:
From the above statement regarding the consumer behavior the relationship between total utility (TU) and marginal utility (MU) is deducted as under:
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