At a point of satiety for a commodity the marginal utility is
Zero
Marginal utility (MU) is the addition to total utility (TU) from one more unit of a good; under the law of diminishing marginal utility it falls as consumption rises.
While MU is positive, TU keeps rising. The point of satiety is where the consumer is fully satisfied and TU reaches its maximum.
At the maximum of TU, the extra unit adds nothing, so MU is zero; beyond satiety MU becomes negative and TU starts falling.
Hence, Zero.
The Marshallian utility analysis is based on a less valid assumption of :
Consumer is said to be in equilibrium, maximizing his total utility, when
Utility derived from consumption of an additional unit of a good is called
Which of the following statements is true?
The word ‘marginal’ means _____.
The law of diminishing marginal utility was propagated by: