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78
M: +2.00/-0.50

Which of the following statements is correct regarding the marginal utility of a commodity?
I. It is the change in total utility due to consumption of one additional unit of a commodity.
II. It diminishes with increase in consumption of the commodity.

 

[SSC CHSL 17th March 2023 Shift-2 With Answers]
A
B
C
D

EXPLANATION

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