Match the following.a) Total utility of a commodity is maximum whenb)

1.	Match the following.a) Total utility of a commodity is maximum whenb) Marginal utility of a commodity c) When marginal utility is negative, total utility d) As, per consumer's equillibrium theory, to reach consumer's equillibrium a consumer can i) Change the quantity of the commodityTotal utility starts diminishingi) Always decreases withincrease in quantity.iv) Marginal utility is zero
Answer» Answer: Match the FOLLOWING. a) TOTAL utility of a COMMODITY is maximum when b) Marginal utility of a commodity c) When marginal utility is negative, total utility d) As, per consumer's equillibrium THEORY, to reach consumer's equillibrium a consumer can i) Change the quantity of the commodity Total utility starts diminishing i) Always decreases with increase in quantity. iv) Marginal utility is zero

Match the following.a) Total utility of a commodity is maximum whenb) Marginal utility of a commodity c) When marginal utility is negative, total utility d) As, per consumer's equillibrium theory, to reach consumer's equillibrium a consumer can i) Change the quantity of the commodityTotal utility starts diminishingi) Always decreases withincrease in quantity.iv) Marginal utility is zero

Answer»

Answer:

Match the FOLLOWING.

a) TOTAL utility of a COMMODITY is maximum when

b) Marginal utility of a commodity

c) When marginal utility is negative, total utility

d) As, per consumer's equillibrium THEORY, to reach consumer's equillibrium a consumer can

i) Change the quantity of the commodity

Total utility starts diminishing

i) Always decreases with

increase in quantity.

iv) Marginal utility is zero