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Discuss the relationship between total utility …

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Discuss the relationship between total utility and marginal utility using a hypothetical schedule

    • Posted by Soaib Akhter Akhter 6 years, 6 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Gaurav Seth 6 years, 6 months ago

    1. TU increases as long as marginal utility is positive (i.e., more than zero)
    2. TU is maximum when MU is zero.
    3. TU starts declining when MU becomes negative (.i.e, less than zero).
    Quantity (in units) Total Utility Marginal Utility
    0 0 -
    1 8 8
    2 14 6
    3 18 4
    4 20 2
    5 20 0
    6 18 -2

    0Thank You

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