Question

discuss the relationship between total utility and marginal utility using a hypothetical schedule​

Answer 1

Answer:

Marginal utility is the addition made to total utility by having an additional unit of the commodity. ... So long as total utility is increasing, marginal utility is decreasing up to the 4th unit. When total utility is maximum at the 5th unit, marginal utility is zero. It is the point of satiety for the consumer.

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Answer 2

Answer:

The relation between total and marginal utility is explained with the help of table 1. So long as total utility is increasing, marginal utility is decreasing up to the 4th unit. when total ulitity is maximum at the 5th unit, margined utility is zero. it is the point of satiety for the consumer.