what is it marginal utility
marginal utility decreases
marginal utility is zero
What is the difference between equi-marginal utility and diminishing marginal utility?Read more:What_is_the_difference_between_equi-marginal_utility_and_diminishing_marginal_utility
Marginal Utility is the derivative of Total Utility
The concept of marginal utility involves
Relationship of total and marginal utility- 1.when total utility increases,marginal also increases. 2.when total utility is at it`s maximum point,marginal becmes zero. 3.when total utility starts declning,marginal becomes negative.
The expected marginal utility of the next unit of water is diminishing.
the criticisma of the law of diminishing marginal utility
If marginal utility is positive will you have total utility increase with additional consumption?
explain the difference between total utility and marginal utility