Question on: JAMB Economics - 2015
\(\begin{array}{c|c}
\text{Units of quantity} & \text{Total utility} & \text{Marginal utility} \\ \hline
0 & - & - \\ \hline
1 & 10 & 10 \\ \hline
2 & 15 & 5 \\ \hline
3 & 17 & 2 \\ \hline
4 & 18 & 1 \\ \hline
5 & 18 & 0 \\ \end{array}\)
The table illustrate the law of
\text{Units of quantity} & \text{Total utility} & \text{Marginal utility} \\ \hline
0 & - & - \\ \hline
1 & 10 & 10 \\ \hline
2 & 15 & 5 \\ \hline
3 & 17 & 2 \\ \hline
4 & 18 & 1 \\ \hline
5 & 18 & 0 \\ \end{array}\)
The table illustrate the law of
A
admonishing returns
B
increasing returns
C
diminishing marginal utility
D
increasing marginal utility
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Correct Option: C
It shows that when total utility is at the maximum, marginal utility equals zero.
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