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Concept of total

Classwork Series and Exercises {Economics – SS2}: The Theory Of Consumer Behaviour

Economics, SS 1, Second Term, Week 3 Topic: Theory of Consumer Behaviour Contents: Definition of utility Forms of Utility Concept of total, marginal and average utility Relationship between Total Utility and Marginal Utility Definition Of Utility Utility can be defined as the satisfaction derived from the purchase of a particular commodity. It is the satisfaction [...]

Classwork Series and Exercises {Economics – SS1}: Theory Of Cost

Economics, SS 1, Second Term, Week 3 Topic: Theory of Consumer Behaviour Contents: Definition of utility Forms of Utility Concept of total, marginal and average utility Relationship between Total Utility and Marginal Utility Definition Of Utility Utility can be defined as the satisfaction derived from the purchase of a particular commodity. It is the satisfaction [...]