Theory of consumer behaviour — Economics STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour3 Marks
Question
How is total utility derived from marginal utility?
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Answer
Total utility is the sum total of marginal utilities of various units of a commodity, say 'n', i.e.,$\text{TU}_\text{n}=\text{MU}_1+\text{MU}_2+\text{MU}_3+\dots+\text{MU}_\text{n}.$
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