Explain the relationship between TU &MU?
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Mayank Kumar 6 years, 1 month ago
- 2 answers
Yogita Ingle 6 years, 1 month ago
UTILITY - Utility refers to the amount of satisfaction derived from the consumption of the unit of the product.
TOTAL UTILITY - Total utility refers to the total amount of satisfaction obtained from the consumption of number of products.
MARGINAL UTILITY - Marginal utility is the amount of satisfaction which is derived from the consumption of every additional unit.
Difference between Total Utility and Marginal Utility.
when TU decrease, MU increases.
when TU becomes zero, MU become stagnant.
when TU becomes negative, MU falls.
Total utility talks about the whole other hand's marginal utility talk about the single unit.
Test
Related Questions
Posted by Charvi Charvi 1 year, 7 months ago
- 0 answers
Posted by Shiv Narayan Kumar 1 year, 7 months ago
- 1 answers
Posted by Vivek Saroj 1 year, 7 months ago
- 0 answers
Posted by Mahi Bansal 1 year, 7 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Aakansha Pandey 6 years, 1 month ago
2Thank You