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Question

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

A
total utility
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B
marginal utility
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C
differential utility
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D
utility
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Solution

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.

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