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When we add up utility derived from consumption of all the units of the commodities, we get: -

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Question

When we add up utility derived from consumption of all the units of the commodities, we get:

Options

  • Total utility

  • Initial utility

  • Marginal utility

  • None of these

MCQ

Solution

Total utility

Explanation:

TU = EMU

Total utility refers to the total amount of satisfaction or fulfillment gained by a consumer as a result of consuming a given good or service.

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