Question

If the total satisfaction from eating three bananas is 22 utils, this total is known as ______.

Options

• Marginal Utility

• Consumer Equilibrium

• Total Utility

• Opportunity Cost

Answer 1

If the total satisfaction from eating three bananas is 22 utils, this total is known as 'total utility'.

Explanation:

Total utility means the sum of satisfaction from all units consumed, in this case, three bananas.