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Management · Q102

Managerial Economics

Graduate and Post Graduate · Management · question 102

Q102

Total utility of a commodity can be found by

A.
Multiplying price by number of units
B.
Adding up the marginal utility of all units
Answer
C.
Multiplying the number of units by its marginal utility
D.
None of these

Answer: Option B

Solution

Answer: Option B
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