CBSE Class 11-commerce Answered
What is total utility and marginal utility
Asked by karunakaranrsm69 | 06 Aug, 2019, 06:38: AM
Expert Answer
Total utility refers to the total satisfaction obtained from the consumption of all possible units of a commodity.
Marginal utility is the additional utility derieved from the consumption of one more unit of the given commodity.
Answered by Christina | 06 Aug, 2019, 10:11: AM
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