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प्रश्न
Utility maximising consumers would like to decrease the consumption when ______.
विकल्प
MUx = Px
MUx > Px
MUx < Px
MUx = Py
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उत्तर
Utility maximising consumers would like to decrease the consumption when MUx < Px.
APPEARS IN
संबंधित प्रश्न
Explain the relationship between Total utility and Marginal utility.
Answer the following question :
Explain the relationship between ‘total utility’ and ‘marginal utility’.
State whether the following statements are TRUE or FALSE:
Marginal utility increases with increase in consumption.
Choose the correct answer :
The capacity of a commodity to satisfy human want is known as _________.
Do you agree with the following statements? Give reasons.
Marginal utility and Total utility is same.
Define the following concept:
Total utility
Write short note on:
Equi-marginal utility
Answer the following question:
Explain the relationship between TU and MU.
State with reason whether you agree or disagree:
When MU is zero, TU diminishes.
Answer the following question.
Discuss briefly, using a hypothetical schedule, the relation between marginal utility and total utility.
Explain the Law of Equi-Marginal Utility.
What does total utility (TU) represent?
What happens to marginal utility as more units of a good are consumed?
When does total utility reach its maximum point?
What is the consequence of continuing to consume after marginal utility becomes negative?
