Economy, asked by Hcjhvkv94041, 8 months ago

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

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Answered by OnlyStudy21

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.

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