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WAEC Economics 2016 Paper
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Question : 25
Total: 50
One relationship between marginal utility and total utility. When total is
rising, marginal utility is rising
falling, marginal utility is negative
maximum, marginal utility is maximum
falling, marginal utility is rising
Validate
Solution:
The following are the various relationships between total and marginal utility.
When marginal utility is positive , total utility increases
When marginal utility is zero , total utility is at maximum
When marginal utility is negative , total utility decreases
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