Total utility
A) is the level of satisfaction a consumer receives from consuming the first good only.
B) is the level of satisfaction a consumer receives from consuming the last good only.
C) is the total satisfaction a consumer receives from consuming a certain amount of a good.
D) remains constant for every unit consumed.

Question

Quizplus · Accepted Answer

Total utility refers to the overall satisfaction or happiness a consumer derives from consuming a certain quantity of a good or service. It is the sum of the satisfaction obtained from each unit consumed, not just the first or last unit, and it typically changes as more units are consumed, rather than remaining constant.

Total Utility