Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour2 Marks
Question
Marginal utility and Total utility.
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Answer
Marginal utility is the addition to total utility when one more unit of a commodity is consumed whereas total utility is the sum of the utilities derived from all the units of a commodity consumed.
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