Download App

MICROECONOMICS CH : 3 CONSUMER'S EQUILIBRIUM UTILITY ANALYSIS — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 3 CONSUMER'S EQUILIBRIUM UTILITY ANALYSIS1 Mark
Question
Define total utility.
✓

Answer

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

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from MICROECONOMICS CH : 3 CONSUMER'S EQUILIBRIUM UTILITY ANALYSIS→MICROECONOMICS CH : 3 CONSUMER'S EQUILIBRIUM UTILITY ANALYSIS — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What do you understand by organization of data?
→
Define the terms:
  1. Enumerator
  2. Investigator
  3. Respondent
→
Explain mailing questionnaire method of data collection. Also give two merits and two demerits of this method.
→
Why does variable cost curve originate from the point of origin?
→
Give any one merit of range as a measure of dispersion.
→
What is ‘Bi-modal Series'?
→
Give two examples of quantitative data.
→
What is the purpose of collecting data?
→
What is classification of data? What should be its characteristics?
→
In which correlation, the entire set of independent and dependent variables is simultaneously studied?
→