MCQ
Satisfaction obtained by a consumer by consuming given number of the commodity refers to:
  • A
    Utility.
  • B
    Marginal utility.
  • C
    Average utility.
  • Total utility.

Answer

Correct option: D.
Total utility.

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