Economy, asked by singhabinash748, 5 months ago

relation between total utility and marginal utility

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Answered by piyu2635

Total utility (TU) refers to the amount of total satisfaction a person gets from consumption of a certain item.

Marginal Utility (MU) refers to the extra utility a consumer gets from one additional unit of a specific product.

MU = change in TU / change in Q.

Answered by sabinamin14

Answer:

Utility or total utility (TU) refers to the amount of total satisfaction a person gets from consumption of a certain item. Marginal Utility (MU) refers to the extra utility a consumer gets from one additional unit of a specific product.

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relation between total utility and marginal utility​

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relation between total utility and marginal utility