Question

How can total utility and marginal utility be drived

Answer 1

Explanation:

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

Answer:

Total utility can be derived from marginal utility as total utility is sum total of marginal utility.

marginal utility can be derived by a formula

MU = TUn - TU-1

Which states that marginal utility = latest total utility- older total utility.