WAEC Economics 2016 Objective — Question 15
Question 15 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.
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15. One relationship between marginal utility and total utility is that when total utility is (a) rising, marginal utility is negative (b) falling, marginal utility is negative (c) maximum, marginal utility is maximum (d) falling, marginal utility is rising
- A. rising, marginal utility is negative
- B. falling, marginal utility is negativeCorrect
- C. maximum, marginal utility is maximum
- D. falling, marginal utility is rising
Explanation
When total utility is falling, marginal utility is negative.
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