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Question
Total utility is ______.
Options
The sum of marginal utilities
Utility from first unit × Number of units consumed
Always increasing
Utility from last unit × Number of units consumed
MCQ
Fill in the Blanks
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Solution
Total utility is the sum of marginal utilities.
Explanation:
Total utility equals the sum of the marginal utilities of all units consumed. It is not always increasing, because it falls when marginal utility becomes negative.
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