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 unit of a good or service. Marginal Utility is a key concept in microeconomics.

Correct Answer: MU 45

Solution : Given:
LT 48, ?, NV 42, OW 39, PX 36

In the above-given series, add 1 to the place values of the first and the second letters and subtract 3 from the number, to obtain the next term.
LT 48→L + 1 = M; T + 1 = U; 48 – 3 = 45→MU 45
MU 45→M + 1 = N; U + 1 = V; 45 – 3 = 42→NV 42
NV 42→N + 1 = O; V + 1 = W; 42 – 3 = 39→OW 39
OW 39→O + 1 = P; W + 1 = X; 39 – 3 = 36→PX 36

So, MU 45 is the required term of the given series. Hence, the first option is correct.

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