Question

what is Central T.U in economics
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Answer 1

Answer:Total Utility

Explanation:

Answer 2

What Is Total Utility?

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

In economics, utility refers to the satisfaction gained from consuming a good or service. Total utility is usually defined as a quantifiable summation of satisfaction or happiness obtained from consuming multiple units of a particular good or service. Utility and total utility are used in economic analysis of consumer behaviors within a marketplace. Economists seek to quantify total utility using special calculations. Economists may also study several economic metrics in conjunction with total utility when seeking to understand how consumer behaviors align with supply and demand.

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