Manipal University, Jaipur
Hello aspirant,
Established in 2011, Manipal University Jaipur, a part of the Manipal Education and Medical Group, provides a range of academic courses in engineering, management, social sciences, business and commerce, journalism and mass communication, law, and hotel management. The university also offers UGC-approved online degree programs at both bachelor's
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Manipal University conducts the Manipal Entrance Test (MET) to select eligible candidates for its undergraduate and postgraduate courses. The university also considers scores from various national-level entrance exams for admission. To be eligible for enrollment, candidates must have a minimum aggregate of 50% in Class 12. Additionally, the
Question : ______ is the change in total utility due to the consumption of one additional unit of a commodity.
Option 1: Product Utility (PU)
Option 2: Revenue Utility (RU)
Option 3: Demand Utility (DU)
Option 4: Marginal Utility (MU)
Correct Answer: Marginal Utility (MU)
Solution : The correct option is Marginal Utility (MU).
The change in total utility due to the consumption of one additional unit of a commodity is called Marginal Utility. It is the additional satisfaction or benefit that a consumer derives from consuming one more
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