Economics · Consumer Behaviour
Which of the following statements is/are correct about the relationship between total utility (TU) and marginal utility (MU)? I. MU is the rate of change of TU. II. Total utility is maximum when marginal utility is zero.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only II
- 2Both I and II✓
- 3Only I
- 4Neither I nor II
Correct answer
Both I and II
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