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Define Initial Utility. - Economics

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Question

Define Initial Utility.

Definition
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Solution

Initial utility is the utility obtained from the consumption of the first unit of a commodity.

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Chapter 4: Theory of Consumer's Behaviour : Cardinal Utility Analysis - TEST QUESTIONS [Page 4.18]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 4 Theory of Consumer's Behaviour : Cardinal Utility Analysis
TEST QUESTIONS | Q A. 3. | Page 4.18
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