when only one unit of the commodity is consumed
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When one unit of a commodity is consumed then the additional utility derived from its consumption will be equal to the total utility. Marginal utility refers to the utility derived from the consumption of an additional unit. Thus, MU = TU, when 1 unit of the commodity is consumed.
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Answer:
When one unit of a commodity is consumed then the additional utility derived from its consumption will be equal to the total utility. Marginal utility refers to the utility derived from the consumption of an additional unit. Thus, MU = TU, when 1 unit of the commodity is consumed.
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