Use app×
Ask a Question
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE

Distinguish between marginal utility and total utility.

← Prev Question Next Question →
0 votes
369 views
in Consumers Equilibrium by (63.7k points)

Distinguish between marginal utility and total utility.

Play Quiz Game >

1 Answer

+2 votes
by (63.4k points)
selected by
 
Best answer
Basis of Comparison Total Utility Marginal Utility
Meaning Total utility means total gain acquired by a person from consumption of goods and services. Marginal utility meants the amount of utility a person gains from the consumption of each gradual unit of a commodity.
Conclusion Suffers from diminishing returns. Consumption decreases for each additional unit.
← Prev Question Next Question →

Find MCQs & Mock Test

  1. JEE Main 2025 Test Series
  2. NEET Test Series
  3. Class 12 Chapterwise MCQ Test
  4. Class 11 Chapterwise Practice Test
  5. Class 10 Chapterwise MCQ Test
  6. Class 9 Chapterwise MCQ Test
  7. Class 8 Chapterwise MCQ Test
  8. Class 7 Chapterwise MCQ Test

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

User Contribution to Sarthaks eConnect
Managed by Sarthaks Digitizing India
...