Question

explain total utility and marginal utility

Answer 1

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Total utility is the total satisfaction received from consuming a given totalquantity of a good or service, whilemarginal utility is the satisfaction gained from consuming another quantity of a good or service. Sometimes, economists like to subdivide utility into individual units that they call utils.

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Answer 2

Total utility refers to the total satisfaction obtained from the consumption of all possible units of a commodity. Marginal utility is the additional utility derived from the consumption of the given commodity