Questions

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

The2022 Commonwealth Games, officially known as theXXII Commonwealth Gamesand commonly known asBirmingham 2022, will be an internationalmulti-sport eventfor members of theCommonwealththat will be held inBirmingham,England.The Games are expected to take place between 27 July and 7 August 2022. The city was announced as the host at at a press conference at the Arena Academy in Birmingham on 21 December 2017