MU is positive - Tu increases so long as..., TU is increasing at a decreasing rate - Decreasing MU implies, MU - TUn - Tun-1, Marginal utility - Additional utility derived from consuming an additional unit of a commodity, Utility - Want satisfying power of a commodity, ordinal utility - utility can only be ranked, MU=zero - point of satiety, LDMU - marginal utility derived from every additional unit of a commodity continuously falls, Mu is negative - TU decreases , zero - MU of a particular commodity at the point of saturation is,

Consumer Equilibrium Ch-3

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