Economy, asked by Hcjhvkv94041, 10 months ago

Complete the following chart with proper statement and bring about the difference between the two concepts total utility and marginal utility.

Answers

Answered by OnlyStudy21
2

Distinguish between total utility and marginal utility.

Total utility is the sum total of utility derived from the consumption of all the units of a commodity. ... Marginal utility refers to additional utility obtained from the consumption of an additional unit of a commodity.

Similar questions