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Match the following List-I (Concepts) List-II (Features) a Utility 1 MU...

This question belongs to Commerce Economics
Economics
?

Match the following.
List-I (Concepts) List-II (Features)
a. Utility 1. MU tends to decline as consumption of the commodity increases
b. Total utility 2. It is a want satisfying power of a good
c. Marginal utility 3. Sum total of utility derived from the consumption of all the units of a commodity
d. Law of diminishing marginal utility 4. Additional utility an account of the consumption of an additional unit of a commodity

Answer & Solution
Correct Answer: Option C
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