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Which of the following formula is correct? - Economics

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Question

Which of the following formula is correct?

Options

  • MUnth = TUn + TUn + 1 

  • MUnth = TUn - TUn - 1 

  • MUnth = TUn - TUn + 1 

  • TUn = MU1 + MU2 + ... MUnth

MCQ

Solution

MUnth = TUn - TUn - 1 and TUn = MU1 + MU2 + ... MUnth

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Chapter 3: Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis - TEST YOURSELF QUESTIONS [Page 48]

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Frank Economics [English] Class 12 ISC
Chapter 3 Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis
TEST YOURSELF QUESTIONS | Q 1. | Page 48
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