When total utility is constant, it means marginal utility...
When total utility is constant, it means marginal utility is
Increasing
Zero
Decreasing
One
Correct answer is B
When total utility is constant, it means marginal utility is zero.
Total utility is constant when it is at its maximum, then marginal utility will be Zero. It is based on the law of diminishing marginal utility which says 'as more and more units of a good are consumed, MU i.e level of satisfaction derived from each successive unit goes on falling because desire for that commodity tend to fall. Once the total utility is constant, marginal utility will be zero.
Taxes which are levied on a person’s expenditures are known as? ...
Scale of preference refers to ...
Unlimited liability means? ...
A firm is said to have benefited from external economies in production if it has realized ...
Which of the following is mostly used to determine the cost of living? ...
The meaning of scale of preference is ...
Which of the following is NOT a feature of underdevelopment ...
A normal supply curve has a positive slope which indicates that ...
The law of supply states that, other things being constant, as price increases ...
Commercial banks are different from development banks in that the latter ...