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to know about marginal utility'total utility and average utility

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to know about marginal utility'total utility and average utility
Answered Same Day Dec 22, 2021

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Robert answered on Dec 22 2021
117 Votes
To know about marginal utility'total utility and average utility
Answer:
Total utility; it is the total satisfaction that a consumer gets by consuming all units of a good
within a given period of time.
Marginal utility; it is the increase in total utility due to one more unit of consumption by
consumer. In other words, it is the addition in total...
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