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When total utility is at its maximum where is marginal utility?
marginal utility is zero
Total utility derived from consumption of a commodity by a consumer will be?
Will Be maximum when its marginal utility is Zero.
What will be the total utility derived from the consumption of a commodity by a consumer will be if marginal utility is zero?
i don't know the answer. i think it may be minimum or maximum.
How do you calculate total utility?
Total utility(TU)= Average utility multiplied by quantity consumed.
Explain difference between total and marginal utility. Define UTILITY. How do consumers maximize UTILITY?
explain the difference between total utility and marginal utility
When total utility is at a maximum marginal utility is ..?
at zero
When total utility is at its maximum where is marginal utility?
marginal utility is zero
Total utility derived from consumption of a commodity by a consumer will be?
Will Be maximum when its marginal utility is Zero.
What will be the total utility derived from the consumption of a commodity by a consumer will be if marginal utility is zero?
i don't know the answer. i think it may be minimum or maximum.
What utility fills every sector on a drive with zeros?
zero-fill utility
How do you calculate total utility?
Total utility(TU)= Average utility multiplied by quantity consumed.
Explain difference between total and marginal utility. Define UTILITY. How do consumers maximize UTILITY?
explain the difference between total utility and marginal utility
If marginal utility is positive will you have total utility increase with additional consumption?
If marginal utility is positive will you have total utility increase with additional consumption?
When total utility increases marginal utility is?
marginal utility decreases
When would the total utility of a good and the marginal utility of a good be the same?
total utility and marginal utility are the same for the first unit of good consumed.
Explain the relationship between total utility and marginal utility?
Total Utility can mean the total amount of satisfaction gained from the purchase or consumption of a product. Marginal Utility is the amount of satisfaction gained from purchasing or consuming more of the same product. For Example: If you purchased two slices of Pizza, Your total utility would be the satisfaction you receive from consuming both slices. Your marginal utility would be the satisfaction you gained consuming an additional slice (i.e. The difference between consuming two slices versus one slice) Typically your marginal utility decreases as your consumption increases. For Example: If you have eight pizzas, one extra slice is not likely to bring you as much satisfaction as a second slice would if you only had one slice of pizza (as opposed to eight pizzas).
What is total and marginal utility?
Total utility is the overall utility achieved by using any product while marginal utility is the increase/decrease in utility from use of one more unit of product.
