Question

Explain the difference between total and marginal utility with the help of diagram​

Answer 1

Answer:

Utility is the satisfaction a person derives from the consumption of a good or service. Total utility is the total satisfaction received from consuming a given total quantity of a good or service, while marginal utility is the satisfaction gained from consuming an additional quantity of that item.

Answer 2

$\huge\color {pink}\boxed{\colorbox{black} { QUESTION}}$

Explain the difference between total and marginal utility with the help of diagram

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Total utility rises as more consumption is done. Marginal utility diminishes with an increase in total utility. It suffers from diminishing returns. Marginal utility reduces with the consumption of each additional unit.