CBSE BOARD XII, asked by vikramobbroy5147, 7 months ago

what do you mean by Marginal utility and Total Utility?​

Answers

Answered by mmayaaankhan
1

Answer:

Explanation:

Marginal utility is the benefit gained from consuming one additional unit of a product or service

Total utility is the aggregate summation of satisfaction or fulfillment that a consumer receives through the consumption of goods or services

Answered by Anonymous
21

Total utility refers to the total satisfaction obtained from the consumption of all possible units of a commodity .

Marginal utility is the additional utility

derived from the consumption of one

more unit of the given commodity .

Previous Question
Next Question
Similar questions
Computer Science, 3 months ago
Hello...I have a question about my python homework: Write a menu driven program to draw shapes: It can be: 1.Square 2.Rectangle 3.Triangle Define functions to draw the shapes and call them in main program The user should enter the choice of which shape to draw and depending on choice corresponding functions should be called.
Political Science, 3 months ago
Mention the symbols of all the eight National Parties.​
Business Studies, 3 months ago
explain different types of partners​?
Chemistry, 7 months ago
An aqueous solution has hydrogen ion concentration = 1.0 × 10^-10 mol per litre. Determine the pH of the solution. I need full explanation and full process Best answer will be mark as brainliest and the user will be followed by me.​​​ Give me full explanation.
Math, 7 months ago
Area of a square plot is 2304m2. Find the side of the square plot. With steps please. Then I will make u the brainest and the total points is 15.
History, 10 months ago
How did the British exploit the differences between the early and later nationalists...
Chemistry, 10 months ago
Demerit of Mendeleev's periodic table...
English, 10 months ago
Prepare a dialogue between two friends about the feature of the development of society.