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.
Best Answer: The Law of Equal-Marginal Utility is an extension to the law of diminishing marginal utility. The principle of equal-marginal utility explains the behavior of a consumer in distributing his limited income among various goods and services. This law states that how a consumer allocates his money income between various goods so as to obtain maximum satisfaction.