When total utility is constant, it means marginal utility is

Assessment: WAEC SSCE - Economics - 2011 (Objective) Subject: Economics

Question 1 Report

When total utility is constant, it means marginal utility is

Answer Details
When total utility is constant, it means that the additional satisfaction or usefulness gained from consuming one more unit of a good (marginal utility) is equal to zero. This is because the total utility is the sum of the marginal utilities of all the units consumed. Therefore, if total utility is not changing, it implies that the marginal utility is neither increasing nor decreasing but has reached a point of equilibrium where the additional satisfaction gained from consuming one more unit is zero.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning