B.Com Economics Study Notes – Utility

5 Questions with answers.

Written in English

File size 4.6 MB

11 pages pdf file

1. Define Micro & Macro Economics. Distinguish.

2. Define – Utility, Total Utility & Marginal Utility

3. Distinguish – Total Utility & Marginal Utility

4. Total Utility is sum total of Marginal Utility – Discuss

5. Law of diminishing marginal utility and it’s limitation.

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