GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The utility which results from a unit increase in consumption
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Marginal utility
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Total utility
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Marginal utility is the incremental increase in utility that results from the consumption of one additional unit. “Utility” is an economic term used to represent satisfaction or happiness.
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