Question

The total amount of units a person derives from consumption of a specific quantity of a good is called ________.

• A. total utility
• B. marginal utility
• C. differential utility
• D. utility

Answer 1

The correct option is A total utility

Total utility refers to the total satisfaction obtained from the commodity of all possible units of a commodity. It measures the total satisfaction obtained from the consumption of all the units of a commodity. It is zero at zero level of consumption.