When total utility is at its maximum, what will the marginal utility be?

✅Explanation:
-Total utility is the overall satisfaction or benefit a consumer derives from consuming a certain quantity of a good or service.
-Marginal utility is the additional satisfaction gained from consuming one more unit of that good or service.
The relationship between total utility and marginal utility is such that as long as marginal utility is positive, total utility will continue to increase. However, marginal utility typically diminishes as more of a good is consumed (the law of diminishing marginal utility).
When total utility reaches its maximum point, it means that consuming an additional unit would no longer increase satisfaction, and might even decrease it. At this point, marginal utility becomes zero. Any further consumption would lead to negative marginal utility, meaning dissatisfaction.

• Related Terminologies:
-Law of Diminishing Marginal Utility: The principle that as a consumer consumes more of a good or service, the additional satisfaction (marginal utility) derived from each additional unit decreases.
-Utility Maximization: The concept that consumers aim to allocate their limited resources to maximize their overall satisfaction.