In order to calculate total utility (TU) from given levels of marginal utility (MU), one...
ECONOMICS
WAEC 2015
In order to calculate total utility (TU) from given levels of marginal utility (MU), one has to?
- A. subtract MU from TU
- B. Add MU from the various levels
- C. multiply MU by the initial TU
- D. Divide current MU by previous MU
Correct Answer: B. Add MU from the various levels
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