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प्रश्न
Utility maximising consumers would like to decrease the consumption when ______.
पर्याय
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.
Do you agree with the following statements? Give reasons.
Marginal utility and Total utility is same.
Fill in the blank with appropriate alternatives given below:
_________________ 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.
Give reason or explain:
Utility is a psychological term.
Give reason or explain:
Utility is ethically neutral.
Answer the following question:
Explain the relationship between TU and MU.
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 is marginal utility (MU)?
What happens to marginal utility as more units of a good are consumed?
What is the consequence of continuing to consume after marginal utility becomes negative?
