Which of the following statement is TRUE with regard to total 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 FALSE with regard to marginal utility
• Total utility is maximum when
• Total utility is
• Total utility curve
• “Utility or satisfaction is a subjective concept; therefore it could only be ranked”. The statement supports
• Utility is the concept which is:
• When both average and total product are greater than zero, and marginal product equals average product, then total product: