Net addition to total utility when one more unit is consumed is:
A) au
B) mu
C) mc
D) tu
Correct Answer:
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Q7: Which of the following is an exception
Q8: The law of diminishing marginal utility was
Q9: If the income elasticity of demand for
Q10: Cross elasticity of demand in the case
Q11: If a small change in price leads
Q13: Most important determinant of demand is :
A)income
B)wealth
C)price
D)advertisement
Q14: Which of the following is the reason
Q15: Net addition to total cost is called:
A)marginal
Q16: The market equilibrium for a commodity is
Q17: When there are only few sellers of
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