ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Marginal utility is the amount of additional satisfaction that a consumer gets from having one more unit of a good or service. This amount can be positive, negative, or zero.

Detailed explanation-2: -The marginal utility can decline into negative utility, as it may become entirely unfavorable to consume another unit of any product. The marginal utility may decrease into negative utility, as it may become entirely unfavorable to consume another unit of any product.

Detailed explanation-3: -This is the total satisfaction from consumption. It can be positive and zero but it cannot be negative.

Detailed explanation-4: -Answer and Explanation: Yes, it is possible for the marginal utility to be negative while the total utility is positive. Total utility is the sum of the utility derived from each unit that has been consumed until now while the marginal utility is the utility that will be derived from the next unit that is consumed.

Detailed explanation-5: -Marginal utility is the rate of total utility and thus when marginal utility is negative, total utility starts decreasing as at this point of time consumption of an additional unit of that product yields negative results.