Question : At the point of satiety MU will be:

Option 1: Positive 

Option 2: Zero

Option 3: Rising 

Option 4: None of these

Question : The consumer's equilibrium is attained at the point where:

Option 1: Marginal utility is zero

Option 2: Marginal utility is positive

Option 3: Marginal utility is equal to price

Option 4: Marginal utility is equal to income

Question : What will be total utility when marginal utility is zero?

Option 1: Minimum

Option 2: Zero

Option 3: Maximum

Option 4: Negative

Question : Indifference curves are concave to the origin because of:

Option 1: Diminishing marginal utility

Option 2: Increasing marginal utility

Option 3: Constant marginal utility

Option 4: Zero marginal utility

Question : When marginal utility is negative, total utility is as follows:

Option 1: Starts decreasing
 

Option 2: Increases at a decreasing rate
 

Option 3: It is at his maximum point.

Option 4: None of the above