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1.Explain the term total utility
Suppose your marginal utility for meals at the campus cafeteria this week has fallen to zero. Explain what has happened to your
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snizhanna
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Explain the term total utility
1 answer
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1.Discuss the difference between the following terms
a.Cardinal Utility and Ordinal utility theory b.Total utility and Marginal
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how are:
goods services utility form utility place utility time utility possession utility information utility benifits and
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asked by
clarissa
710 views
Quantity of goods consumed.
1 2 3 4 5 6 Total utility 0 10 16 _ 23 23 Marginal utility 0 10 4 _ 1 _ A) complete the above table
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asked by
Winnie faith
245 views
Define the term total utility
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David buys pizza from the campus pizzeria. He calculates his total utility from pizza as​ follows:
Slices of Pizza Total
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asked by
AOL
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This week you have gone to two parties. Assume the total utility you gained from these parties is 100utils. Then you go to a
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asked by
snizhanna
849 views
consumer consuming two commodities X and Y has the following utility function .If the price of the two commodities are Birr 1
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Those who want to be...
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A consumer consuming two commodities X and Y has the following utility function .If the price of the two commodities are Birr 1
1 answer
asked by
Sadam
128 views