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प्रश्न
Answer the following question :
Explain the relationship between ‘total utility’ and ‘marginal utility’.
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उत्तर
The relationship between MU and TU is as :
(i) When MU is positive, TU rises.
(ii) When MU is zero, TU is maximum.
(iii) When MU is negative, TU falls. The following utility schedule and diagram illustrate the relationship :
| Units | TU | MU |
|
1 2 3 4 |
8 14 TU 18 rises 20 |
8 6 MU is + ve 4 2 |
| 5 | 20 ] TU Max. | 0] MU is zero |
| 6 | 18] TU falls | -2] MU is - ve |
APPEARS IN
संबंधित प्रश्न
Explain the relationship between Total utility and Marginal utility.
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In deficit budget, expenditure is more than income.
Choose the correct answer :
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Do you agree with the following statements? Give reasons.
Marginal utility and Total utility is same.
Fill in the blanks with appropriate alternatives given in the bracket.
Marginal consumption function is always ________.
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Marginal utility diminishes, as consumption of commodity ________.
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_________________ utility is the utility derived from the last unit of the commodity consumed.
Fill in the blank with appropriate alternatives given below:
When MU is ______________ TU decreases.
State the following statement is True or False:
MU and TU are equal at the initial stage.
Define the following concept:
Total utility
Explain the following concept:
Marginal utility
Give reason or explain:
Utility is a psychological term.
Give reason or explain:
Utility is ethically neutral.
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.
Define marginal utility.
Answer the following question.
Discuss briefly, using a hypothetical schedule, the relation between marginal utility and total utility.
Choose the correct answer from given options
When marginal utility is zero, total utility is
Explain the Law of Equi-Marginal Utility.
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What does total utility (TU) represent?
What is marginal utility (MU)?
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?
