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Consumer Movement

The additiona...

Question

The additional utility that the consumer derives from the additional consumption of any commodity is

A

Consumption utility

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B

Total utility

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C

Average utility

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D

Marginal utility

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Solution

The correct option is D
Marginal utility

The additional utility that the consumer derives from the additional consumption of any commodity is called marginal utility.

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Similar questions

Q. At the time of consumption of the _______ of a commodity the total utility, average utility and marginal utility are same.

Q. The Law of Diminishing Marginal Utility states that the more a consumer consumes a product, he derives _____ from additional consumption.

Q. At the time of consumption of __________ Total utility, Average utility, Marginal utility are same.

Q. Fill in the blanks with appropriate alternatives given in the bracket:

1. _________________ refers to want satisfying power of a commodity. (Usefulness/ Utility/ Satisfaction/ Happieness)

2. Marginal utility diminishes, as consumption of commodity ________. (increases/ decreases/ remains constant/ become zero)

3. _________________ utility is the utility derived from the last unit of the commodity consumed. (Average/ Total/ Marginal/ Zero)

4. When MU is ______________ TU decreases. (positive/ negative/ zero/ high)

Q. A consumer gets

50

utils of utility from the consumption of

1 s t

unit of commodity - X. On the assumption that for every additional unit of

X

10

utils of utility, how much unit (s) of

X

will he consume if, it was available to him at price of

R s . 5

per unit, and his marginal utility of money

= 10

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