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Answer:
When marginal utility is zero, total utility is highest
Total utility refers to a consumer’s overall happiness as a result of consuming specific goods and services. Every single unit of products or services has its own marginal usefulness.
The total utility of all such individual goods is equal to the sum of their marginal utilities.
A customer’s principal concern is to obtain the greatest amount of utility for the least amount of money spent.
We must examine the concept of diminishing marginal utility in order to comprehend total utility. The marginal pleasure decreases as more units of a single commodity or service are consumed.
