When marginal utility reaches zero, the total utility will be
a. Minimum
b. Maximum
c. Zero
d. Negative
Answers
Answered by
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Hey,
Thanks for asking this question.
When marginal utility reaches zero, the total utility will be Maximum.
We can define total utility as the total satisfaction that we get after consuming all given units of commodity
&
Marginal utility can be described as the additional utility or satisfaction that we get after consuming one more unit of commodity.
Here commodity means goods or materials that can be purchased or sold.
■■■ Hope My Answer Helped
Thanks for asking this question.
When marginal utility reaches zero, the total utility will be Maximum.
We can define total utility as the total satisfaction that we get after consuming all given units of commodity
&
Marginal utility can be described as the additional utility or satisfaction that we get after consuming one more unit of commodity.
Here commodity means goods or materials that can be purchased or sold.
■■■ Hope My Answer Helped
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