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InterviewSolution
| 1. |
How is TU derived from MU ? |
| Answer» <html><body><p></p>Solution :Relationship Between Total Utility (<a href="https://interviewquestions.tuteehub.com/tag/tu-1428586" style="font-weight:bold;" target="_blank" title="Click to know more about TU">TU</a>) and <a href="https://interviewquestions.tuteehub.com/tag/marginal-555038" style="font-weight:bold;" target="_blank" title="Click to know more about MARGINAL">MARGINAL</a> Utility (MU): When a consumer goes on to consume the units of a commodity <a href="https://interviewquestions.tuteehub.com/tag/continuously-7269309" style="font-weight:bold;" target="_blank" title="Click to know more about CONTINUOUSLY">CONTINUOUSLY</a> the marginal utility derived from the <a href="https://interviewquestions.tuteehub.com/tag/successivebrbr-2284089" style="font-weight:bold;" target="_blank" title="Click to know more about SUCCESSIVE">SUCCESSIVE</a> units of the commodity goes on to fall constantly while other factors are held <a href="https://interviewquestions.tuteehub.com/tag/constant-930172" style="font-weight:bold;" target="_blank" title="Click to know more about CONSTANT">CONSTANT</a>.</body></html> | |