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Akash7766
@Akash7766
September 2021
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Hey..guyss...
What is Total utility?
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brainlystargirl
Heya....
See here for your answer....
===============
Utility is the wants satisfying power of a commodity...
Now,, What is total Utility...
"" It is the total satisfaction driven out of the consumption of all the units of a commodity....
"" Total Utility is the sum total of all the additional Utility we consumed..
That is.. TU = Sum of all units ...
Other information..
"" When we continuously consume a commodity then the total Utility once rise...
"" But after sometime it starts to decline...
All of due to law of diminishing marginal Utility..
Thank you...
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Answers & Comments
See here for your answer....
===============
Utility is the wants satisfying power of a commodity...
Now,, What is total Utility...
"" It is the total satisfaction driven out of the consumption of all the units of a commodity....
"" Total Utility is the sum total of all the additional Utility we consumed..
That is.. TU = Sum of all units ...
Other information..
"" When we continuously consume a commodity then the total Utility once rise...
"" But after sometime it starts to decline...
All of due to law of diminishing marginal Utility..
Thank you...