what is the relation between TU AND MU
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Explanation:
TU increases with an increase in consumption of a commodity as long as MU is positive. In this phase, TU increases but a diminishing rate as MU from each successive unit tends to diminish. 2. When TU reaches its maximum, MU becomes zero.
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TU+ΣMU
TU increases so long as MU is positive
When MU is zero TU is maximum
When Mu is Negative Tu starts diminishing
Decreasing Mu implies that Tu is Increasing at a diminishing rate
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