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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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 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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