Question

worth of a rupee to a consumer is called
A-marginal utility of money
B-total utility of money
C-consumer's equilibrium
D-MRS​

Answer 1

Answer:

B-Total utility of money

Answer 2

Worth of a rupee or 1 unit of money to a consumer is called Marginal Utility of money.Hence,the correct answer is option A or marginal utility of money.

Explanation:

Marginal basically means incremental or 1 more unit of something in Economics.Hence,marginal utility means the additional satisfaction or utility level obtained from consuming or using 1 more unit of anything.In this case,marginal utility of money can be ideally measured as the additional utility or worth received from using 1 rupee or additional 1 unit of money.Therefore,marginal utility of money is also the worth of 1 rupee to the consumer.