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Which of the following statements is correct?
Question 1
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Which of the following statements is correct?
As total utility increases, the marginal utility also increases
The marginal utility is a always zero whenever the total utility reaches the maximum
The total utility is at maximum whenever marginal utility is at it's maximum
There is no relationship between total utility and the marginal utility
Answer Details
Read lesson note on The Theory Of Consumer Behaviour (JAMB)
Read lesson note on The Theory Of Demand (JAMB)
The Theory Of Consumer Behaviour
The Theory Of Demand
View Answer