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MU1 + MU2 + ……..MUn represents?
  • a)
    Total utility of a commodity
  • b)
    Total marginal utility
  • c)
    Total average utility
  • d)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
MU1 + MU2 + ……..MUn represents?a)Total utility of a comm...
Total utility is the total satisfaction received from consuming a given totalquantity of a good or service. It is the sum of marginal utility which can be expressed as:
TU = (MU1 + MU2+ ............ MUn)
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Most Upvoted Answer
MU1 + MU2 + ……..MUn represents?a)Total utility of a comm...
MU1 and MU2 are two different units of measurement. It is not clear what they specifically refer to without further context.
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Community Answer
MU1 + MU2 + ……..MUn represents?a)Total utility of a comm...
A
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MU1 + MU2 + ……..MUn represents?a)Total utility of a commodityb)Total marginal utilityc)Total average utilityd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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