Which of the following statement is FALSE with regard to marginal utility

Related MCQs

• When Total utility is increasing at an decreasing rate, marginal utility is
• When Total Utility is maximum, Marginal Utility is :
• When Marginal Utility is negative, Total Utility:
• Which of the following statement is TRUE with regard to total utility
• According to Marshall, The law of diminishing marginal utility
• Marginal utility is
• The marginal utility theory is contributed by:
• The sum of marginal propensity to consume plus marginal propensity to save must equal to:
• “Utility or satisfaction is a subjective concept; therefore it could only be ranked”. The statement supports
• If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, which one among the following is the marginal cost of producing the 7th unit