Explain the relationship between total utility and marginal utility.
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11
● Total utility - the sum of all are u utilising is the total utility. This total utility do not have a particular extension........!!!!! How much utilities are possible in average, you have to go after that☺️.
◆ Marginal utility can be controlled. It depends upon the person for utilising the arguments ().
● ACTUAL RELATIONSHIP ●
Function (x) = total utility (T) - marginal utility (M)
◆ Marginal utility can be controlled. It depends upon the person for utilising the arguments ().
● ACTUAL RELATIONSHIP ●
Function (x) = total utility (T) - marginal utility (M)
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Answered by
4
The relation between total andmarginal utility is explained with thehelp of Table 1. ... 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).
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