Question 7
Total utility is maximum when:
marginal utility is negative
marginal utility is zero
marginal utility is increasing
marginal utility is decreasing
Total utility is maximum when:
marginal utility is negative
marginal utility is zero
marginal utility is increasing
marginal utility is decreasing
Correct answer
marginal utility is zero
Question 7 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.