Question

Identify and explain the concept from the given illustration:

Kavita consumed five units of oranges one after the other.

Answer 1

Concept: Total utility or Continuity

Explanation:

• Total utility (TU):
  Total utility refers to the aggregate of utility derived by the consumer from all units of a commodity consumed. It is an aggregate of utilities from all successive commodity units consumed.
• Continuity:
  All units of a commodity are consumed quickly without any lapse of time.