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Theory of consumer behaviour

Economics

Qn. Additional made to an total utility by the consumption of an additional unit of a commodity is called A) Total utility B) Average utility C) Marginal utility D) All

Roshan Zameer

ACCA Professional

★ 24K+

27-Oct-20 19:34

331

Answers (3)

Marginal utility

Sriram Somayajula

Admin

27-Oct-20 20:23

Explanation not understood

Thread Starter

Roshan Zameer

ACCA Professional

★ 24K+

27-Oct-20 20:44

Say when u consume 3 slices of pizza u have total utility value of 30. When u consume additional slice total utility derived increases to 35. The marginal utility of slice 4 is 5

Sriram Somayajula

Admin

27-Oct-20 20:50