Ritu Gupta Solutions for Chapter: Theory of Demand and Supply, Exercise 14: Nature of Human Wants

Total utility is maximum when:

The second glass of lemonade gives lesser satisfaction to a thirsty boy. This is a clear case of:

When ${\mathrm{TU}}_{\mathrm{n}-1}$ is deducted from ${\mathrm{TU}}_{\mathrm{n}},$ the resultant is _____.

Marginal Utility Analysis is _____ Concept.

Which of the following is not an assumption of Marginal Utility Analysis?

As per the hypothesis of _____ Utility, the total utility which a person gets from the whole collection of goods purchased by him is simply the sum total of the separate utilities of the goods.

According to neo-classical economists, utility is a cardinal concept. It means:

The Marginal Utility can be _____.