The level of consumption at which marginal utility of a commodity reaches zero is called:

CA Foundation · Business Economics · MTP · September 2024
The level of consumption at which marginal utility of a commodity reaches zero is called:
(A) A. Point of Satiety
(B) B. Point of Equilibrium
(C) C. Point of breakeven
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Point of Satiety

Topics: Theory of Demand and Supply

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