When total utility is maximum, marginal utility is:

Related MCQs

• When marginal product reaches its maximum, what can be said of total product?
• The law of diminishing marginal utility was popularized by:
• When average product is at a maximum, marginal product is:
• Net addition to total utility when one more unit is consumed is:
• The proportion between total income and total consumption is called:
• The proportion between total income and total saving is called:
• Total product reaches at maximum when
• Marginal product of a factor is
• Let a firm employs 5 labourers and produces 120 units of output. When 6 labourers are employed the firm produces 136 units of output. Then the marginal product is ---
• Marginal efficiency of investment curve is: