One relationship between marginal utility and total utility. When total is
ECONOMICS
WAEC 2016
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 Answer: B. falling, marginal utility is negative
Explanation
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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