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Business Data Management · End Term · 30 Apr 2023 · January 2023 term · Set QPD1-S2

BDM End Term 30 Apr 2023 — Question 3

Question 3

+2 marksOne correct option

When does marginal utility become negative?

  1. A

    When a consumer consumes the first unit of a good.

  2. B

    When the total utility of a good is zero.

  3. C

    When the total utility of a good is at its maximum.

  4. D

    When the consumer reaches the point of overconsumption.

Show answer

Correct answer

  • D

    When the consumer reaches the point of overconsumption.

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Question 3 of 19 in the IIT Madras BS Business Data Management (BDM) End Term paper sat on 30 Apr 2023, in the January 2023 term (IIT M DIPLOMA ET1 EXAM QPD1 S2 30 Apr 2023). It carries 2 marks.

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