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Economics,,, class-12 Define utility, total utility and marginal utility?
Most Upvoted Answer
Economics,,, class-12 Define utility, total utility and marginal utili...
Utility refers to want satisfying the power of commodity.
Total utility refers to the total satisfaction obtained from the consumption of all possible units of a commodity.
Marginal utility is the additional utility derived from the consumption of one more unit of the given commodity.
Total utility refers to the total satisfaction obtained from the consumption of all possible units of a commodity.
Marginal utility is the additional utility derived from the consumption of one more unit of the given commodity.
Community Answer
Economics,,, class-12 Define utility, total utility and marginal utili...
Utility is the want satisfying power of a commodity. Total utility is sum total of utility derived from consuming all the units of a commodity. Marginal utility is change in total utility by consuming one more unit of a commodity.
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Economics,,, class-12 Define utility, total utility and marginal utility?
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Economics,,, class-12 Define utility, total utility and marginal utility? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Economics,,, class-12 Define utility, total utility and marginal utility? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Economics,,, class-12 Define utility, total utility and marginal utility?.
Economics,,, class-12 Define utility, total utility and marginal utility? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Economics,,, class-12 Define utility, total utility and marginal utility? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Economics,,, class-12 Define utility, total utility and marginal utility?.
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