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Theory of consumer behaviour

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

Roshan Zameer

CMA Inter

7K+

27-Oct-20 19:34

16

Answers (3)

Marginal utility


Sriram Somayajula

Sriram Somayajula

Admin

27-Oct-20 20:23

Explanation not understood


Roshan Zameer

Roshan Zameer

CMA Inter

7K+

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

Sriram Somayajula

Admin

27-Oct-20 20:50