WAEC Economics 2014 Objective — Question 41
Question 41 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
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Which of the following statements is correct?
- A. As total utility increases, the marginal utility also increases
- B. The marginal utility is always zero when the total utility reaches the maximumCorrect
- C. The total utility is at maximum whenever marginal utility is at its maximum
- D. There is no relationship between total utility and the marginal utility
Explanation
The marginal utility is always zero whenever the total utility reaches its maximum, since the total utility is at maximum whenever marginal utility is zero — there is a relationship between total utility and the marginal utility.
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