Question

presentation of the data andinformation of total utility

Answer 1

Total utility is the aggregate level of satisfaction or fulfillment that a consumer receives through the consumption of a specific good or service. Each individual unit of a good or service has its own marginal utility, and the total utility is simply the sum of all the marginal utilities of the individual units. Classical economic theory suggests that all consumers want to get the highest possible level of total utility for the money they spend.

Answer 2

Hey mate ✌️✌️

It is the sum total of utility derived from the consumption of all the units of a commodity .


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