Asked by
Taleya James
on Oct 12, 2024
Verified
When marginal utility is negative,total utility is
A) rising.
B) falling.
C) zero.
D) negative.
Total Utility
The total satisfaction or benefit obtained from consuming a given quantity of goods or services.
- Acquire knowledge about the notion of marginal utility and its effect on cumulative utility.
- Ascertain the situations in which consumer surplus and utility reach their highest or lowest points.
Verified Answer
JD
Learning Objectives
- Acquire knowledge about the notion of marginal utility and its effect on cumulative utility.
- Ascertain the situations in which consumer surplus and utility reach their highest or lowest points.