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Answer on Economics of Enterprise Question for Joann

Question #9797
The total utlity curve shows the relationship between _________ on the horizontal axis and ___________ on the vertical axis
Expert's answer
Total utility (TU) is the satisfaction that people get from consuming all the available quantity of goods of a type. The total utility curve has a positive slope of curve, which gradually decreases; It shows the relationship between a quantity of goods on the horizontal axis and total utility of goods in utils on the vertical axis.

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