Question

Identify the correctly matched pair of column A to that of Column B:

Column A	Column B
(1) Marginal Utility	(a) The power or capacity of a commodity to satisfy human wants.
(2) Cardinal measure of utility	(b) The addition to total utility on consuming an additional unit of a commodity.
(3) Total Utility	(c) It is the sum total of utility derived from the consumption of all units of a commodity.
(4) Utility	(d) It is that measurement of utility, which is measured in terms of units.

विकल्प

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

3 - (c)

Explanation:

• Marginal Utility: Consuming an additional unit of a commodity adds to total utility.
• Cardinal measure of utility: It is the measurement of utility that is done in terms of units.
• Total Utility: It is the total utility generated by the consumption of all units of a commodity.
• Utility: The ability of a commodity to satisfy human desires.