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Social StudiesSocial Studies
14 December, 10:47

Total utility

A. is equal to the sum of the marginal utilities of all units consumed.

B. has a constant rate of increase as a person consumes more and more of a good.

C. cannot decrease as a person consumes more and more of a good.

D. is negative when marginal utility is declining.

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Answers (1)
  1. 14 December, 13:30
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    Option A.

    Explanation:

    Option "A" is the correct answer because the total utility is the total degree of fulfillment or satisfaction that a customer gets through the utilization of a particular good or service. Every individual unit of a commodity has its very own marginal utility, and the total utility is just a summation of marginal utilities. However, when total utility declines the marginal utility becomes negative.
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Home » Social Studies » Total utility A. is equal to the sum of the marginal utilities of all units consumed. B. has a constant rate of increase as a person consumes more and more of a good. C. cannot decrease as a person consumes more and more of a good. D.
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