English

Total Utility is ______ at the point of satiety.

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Question

Total Utility is ______ at the point of satiety.

Options

  • Minimum

  • Maximum

  • Zero

  • None of these

MCQ
Fill in the Blanks
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Solution

Total Utility is Maximum at the point of satiety.

Explanation:

At the point of satiety, marginal utility is zero and total utility is at its maximum. Beyond this point, additional consumption makes total utility fall.

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Chapter 2: Consumer's Equilibrium - OBJECTIVE QUESTIONS [Page 2.47]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 2 Consumer's Equilibrium
OBJECTIVE QUESTIONS | Q 14. | Page 2.47
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