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Business Data Management · Quiz 1 · 16 Jul 2023 · May 2023 term

Question 5: When a consumer reaches the point of satiation or overcon…

Question 5

+1 markOne correct option

When a consumer reaches the point of satiation or overconsumption, the customer’s:

  1. A

    total utility of the good is zero.

  2. B

    total utility of the good is at its maximum.

  3. C

    marginal utility becomes zero

  4. D

    total utility of the good is greater than twice the price of the good

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Correct answer

  • C

    marginal utility becomes zero

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Question 5 of 10 in the IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term (IIT M DIPLOMA AN2 EXAM QPD2 16 JULY 2023). It carries 1 mark.

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