When Total utility is increasing at an decreasing rate, marginal utility is

Related MCQs

• When Total Utility is maximum, Marginal Utility is :
• When Marginal Utility is negative, Total Utility:
• The total product curve may initially show output increasing at an increasing rate as more labour is hired because of the:
• Whenever marginal product is increasing with increasing use of an input,
• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• Whenever marginal product is declining with increasing use of an input,
• The sum of marginal propensity to consume plus marginal propensity to save must equal to:
• Which of the following statement is FALSE with regard to marginal utility
• According to Marshall, The law of diminishing marginal utility
• Marginal utility is