)Explain the relationship between TU and MU.
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Explanation:
Thus MUN = TUN —TUN. 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 utility is maximum at the 5th unit, marginal utility is zero.
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THE RELATIONSHIP BETWEEN TOTAL UTILITY AND MARGINAL UTILITY
Total utility is the sum of all utilities derived by a consumer form all units of commodity consumed by him. Whereas Marginal utility is the addition to the total utility derived by consuming an extra or additional unit of a commodity. In other words, marginal utility derived from the consumption of an additional or extra unit of a commodity.
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