Total utility refers to the:
A) total satisfaction one gets from the consumption of a product.
B) satisfaction one gets from the consumption of an additional unit of a product.
C) maximum satisfaction one can get from the consumption of a good.
D) satisfaction one gets from the consumption of an additional unit of a product times its price.

Question

Quizplus · Accepted Answer

Total utility is the overall satisfaction or happiness one derives from consuming a certain quantity of a product.

Total Utility Refers to The