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When total utility is maximum marginal utility is _____. - Economics

Fill in the Blanks

Observe the given table and answer the question:

Unit of a commodity TU unit MU unit
1 6 6
2 11 5
3 15 4
4 15 0
5 14 -1

When total utility is maximum marginal utility is _____.

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Solution

When total utility is maximum marginal utility is zero.

Concept: Law of Diminishing Marginal Utility
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 2 Utility Analysis
Exercise | Q 4. (2)(a) | Page 16
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