name the two types of utitity
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Explanation:
Total Utility: Total Utility (TU) implies overall level of satisfaction derived from a good by a consumer. ...
Marginal Utility:
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Answer:
There are two types of utility, namely, total utility and marginal utility.
1) Total Utility: Total Utility (TU) implies overall level of satisfaction derived from a good by a consumer. ...
2) Marginal Utility:
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