When the Total utility reaches the maximum level, the marginal utility would be ___________.
Positive
Negative
Zero
Any of these
In the initial stages of consumption, when MU is falling, total utility continuous to rise as long as marginal utility is _________.
Infinite
Total utility is a function of __________.
Income
Price
Taste
All of these
A consumer spends his income on different goods and services in such a way as to maximize his ________.
Marginal utility
Managerial utility
Total utility
None of these
____________ provided a systematic explanation to theory of diminishing marginal utility.
Marshall
HH Gossen
Krugman
concave shape of the total utility curve suggests that ___________ slope of the curve.
Increasing
decreasing
Constant
Once total utility reaches maximum, consumption thereafter leads to _________ total utility.
Increases
Decreases
reaches the highest level
declining
Rationality assumption means that the consumer tries to maximize his __________.
Dis-utility
Utility
None of theses
When the marginal utility is zero, the total utility is _______.
maximum
minimum
lowest
When the total utility reaches maximum, the slope of the marginal utility curve would be ___________.
One
zero
infinity