The rate at which TU changes is indicated by ________.

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both (a) and (b)

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none of these

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Solution

The correct option is B MU
Total utility is the summation of marginal utility of all units of consumption. Therefore, total utility changes at the rate of marginal utility.

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Similar questions

Consider the following statements:

(a) Both acids and bases change colour of all indicators.

(b) If an indicator gives a colour change with an acid, it does not give a change with a base.

(d) Change of colour in an acid and a base depends on the type of the indicator.

Which of these statements are correct?

(i) All four (ii) a and d (iii) b and c (iv) only d

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