One relationship between marginal utility and t... - WAEC Economics 2016 Question
One relationship between marginal utility and total utility. When total is
A
rising, marginal utility is rising
B
falling, marginal utility is negative
C
maximum, marginal utility is maximum
D
falling, marginal utility is rising
correct option: b
The following are the various relationships between total and marginal utility.
- When marginal utility is positive , total utility increases
- When marginal utility is zero , total utility is at maximum
- When marginal utility is negative , total utility decreases
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