Giving the disadvantages of bad currency, Groepe said, The quality of banknotes in circulation also poses a reputational risk for the central bank and in fact for the country. Central Banks meet in SA to improve currency security and cash management
When the marginal utility comes to zero or we say the point of satiety is reached, the total utility is the maximum. If consumption is increased further from this point of satiety, the marginal utility becomes negative and total utility begins to diminish. The relationship between total utility and marginal utility is now explained with the help of following schedule and a graph.
As a consumerâs consumption level increases, the marginal benefit tends to decrease (which is called diminishing marginal utility). Thus, the marginal benefit experienced by a consumer is highest for the first unit of consumption, and declines thereafter.For example, a customer is willing to pay $5 for an ice cream, so the marginal benefit of consuming the ice cream is $5.s a consumerâs consumption level increases, the marginal benefit tends to decrease (which is called diminishing marginal utility). Thus, the marginal benefit experienced by a consumer is highest for the first unit of consumption, and declines thereafter.