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    Which of the following are correct statements? (A) Marginal Utility is the change in Total Utility due to consumption of one additional unit of comm
    Question

    Which of the following are correct statements?
    (A) Marginal Utility is the change in Total Utility due to consumption of one additional unit of commodity.
    (B) Two Indifference Curves intersect each other.
    (C) Marginal Utility became zero at a level when Total Utility remains constant.
    (D) Diminishing Marginal Rate of Substitution does not affect Indifference Curve.
    (E) Indifference Curve slopes downwards from left to right.
    Choose the correct answer from the options given below:

    A.

    (A), (B) and (E) only

    B.

    (A), (C) and (E) only

    C.

    (A), (D) and (E) only

    D.

    (B), (D) and (E) only

    Correct option is B

    (A) True - Marginal Utility indeed represents the change in total utility from consuming an additional unit of a good.
    (C) True - Marginal Utility becomes zero when Total Utility is at its maximum and remains constant, reflecting the saturation point in consumption.
    (E) True - Indifference curves typically slope downwards from left to right, indicating that to maintain the same level of utility, a decrease in one good must be offset by an increase in another.

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