Question

5) Total utility deter-
mines value in use
of a commodity.
what will be the same for marginal utility? (differentiate)​

Answer 1

As the number of oranges consumed increases marginal utility decreases because total utility increases at a diminishing rate. In fact, marginal utility is the change in total utility associated with a small change in the consumption of a commodity and is measured by the slope of total utility curve.

Answer 2

Explanation:

Total utility refers to the total satisfaction derived from consuming stock of a certain good or service. ... Marginal utility, on the other hand, refers to the satisfaction gained from consuming an additional unit (the marginal unit) of the good or service.