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