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Byju's Answer
Standard IX
Mathematics
Frequency Table
The marginal ...
Question
The marginal utility from the consumption of commodity - X is given in following table:
Units of
X
1
2
3
4
5
M
U
x
10
9
7
3
−
5
Calculate total utility for each unit of consumption of commodity - X.
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Solution
Units of
X
1
2
3
4
5
M
U
x
10
9
7
3
-5
T
U
x
10
19
26
29
24
Total utility =
T
U
x
is given above for each unit.
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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)
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