Distinguish between total utility and marginal utility
Answers
Answered by
4
hayy mate here your answer ✔️ ✔️
____________________________
your answer is in above image
_____________________________
❤️⭐I hope you mark as brainlist answer⭐❤️✨✨✨
____________________________
your answer is in above image
_____________________________
❤️⭐I hope you mark as brainlist answer⭐❤️✨✨✨
Attachments:
Answered by
24
TOTAL UTILITY :-
♥ It refers to the total satisfaction obtained from the consumption of all possible units of a commodity .
♥ It increases as more consumption is done .
♥ Suffers from diminishing returns .
MARGINAL UTILITY :-
♥ It is the additional utility derived from the consumption of one more unit of the given commodity .
♥ It diminishes with an increase in total utility .
♥ It reduces with the consumption of each additional unit .
Similar questions