Which of the following can be referred to as
point of saturation
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Answer:
The point at which Marginal Utility of a commodity is Zero and its Total Utility is maximum, it is referred as Point of Satiety. Utility simply refers to the satisfying power of the commodity.
Answered by
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Answer:
The point at which Marginal Utility of a commodity is Zero and its Total Utility is maximum, it is referred as Point of Satiety. Utility simply refers to the satisfying power of the commodity.
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