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Observe the given table and answer the question Chapter 2 - Utility Analysis [Latest edition]

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board 

 

Chapter 2 - Utility Analysis [Latest edition]

Q.4. Observe the given table and answer the question:

Units of a commodity

TU units

MU units

1

6

6

2

11

5

3

15

4

4

15

0

5

14

-1

 

1. Draw total utility curve and marginal utility curve.

 

2. When total utility falls, marginal utility becomes negative.

 

3. When total utility is maximum marginal utility is zero.