The Total Area under the Demand Curve of a product measures -

Marginal Utility

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Total Utility

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Consumer's Surplus

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Producers' Surplus

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Solution

The correct option is B Total Utility
The total area under the demand curve of good measures total utility. The demand curve itself shows the utility each consumer will get from buying the good, and the price paid is the cost for getting that utility.

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Explain the law of variable proportions with the help of total product and marginal product curves.

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