Question

explain the relation between marginal utility and Total utility with the help of table and diagram.
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Answer 1

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

*The relation between total and marginal utility is explained with the help of Table When total utility is maximum at the 5th unit, marginal utility is zero. It is the point of satiety for the consumer. When total utility is decreasing, marginal utility is negative (the 6th and the 7th units).*