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  • When the total utility is maximum and marginal utility of a commodity is zero. #181
  • When Marginal Utility is negative, Total Utility … #182
  • The objective of the consumer is to maximize total utility by spending his … #183
  • … shows the various combinations of two commodities which gives the same level of satisfaction to the consumer. #184
  • A higher the Indifference Curve, the higher will be the … #185
  • In between two Indifference Curves, there can be … Indifference Curves. #186
  • … shows the various combinations of good that can be purchased if the entire money income is spent. #187
  • … is an increase in the overall level of prices in the economy #188
  • If the price of only one commodity changes, the budget line will … #189
  • Higher … for goods lead to higher production. #190
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