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If total utility of a commodity is 5 and marginal utility is 1, a person consumes 3 units. What is the consumer surplus?a)4b)3c)6d)2Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If total utility of a commodity is 5 and marginal utility is 1, a person consumes 3 units. What is the consumer surplus?a)4b)3c)6d)2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If total utility of a commodity is 5 and marginal utility is 1, a person consumes 3 units. What is the consumer surplus?a)4b)3c)6d)2Correct answer is option 'D'. Can you explain this answer?.

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