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When marginal utility is positive, total utility
Does not change
Goes on decreasing
Goes on increasing
To determine consumer’s equilibrium, professor Marshall got help from the law
Law of demand
Law of constant return
Law of diminishing marginal utility
Law of equi marginal utility
When total utility is increasing marginal utility is
Slope of marginal utility curve is
Consumer goods are those goods which the consumers consume
Feature of a commodity to satisfy human want, is called
Want of a commodity is satisfied, when its marginal utility is
When no satisfaction is attained by the consumption of a commodity, its marginal utility is
Utility of the last unit of a commodity consumed is called
According to law of diminishing marginal utility, Utility of every new (Additional) unit of commodity
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