📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      The additional Utility derived by an individual, by the

      consumption of one more unit of a commodity
      A Total Utility Correct Answer Incorrect Answer
      B Marginal Utility Correct Answer Incorrect Answer
      C Both Correct Answer Incorrect Answer
      D None Correct Answer Incorrect Answer

      Solution

      The additional utility derived by an individual from consuming one more unit of a commodity is known as Marginal Utility. Total Utility refers to the overall satisfaction or benefit obtained from the consumption of all units of a particular good or service.

      Practice Next
      ask-question