Question

The Total utility schedule of individual A²
is given below. Derive his marginal utility
Schedule
Units Consumed.
Total
Mility
15​

Answer 1

Answer:

To find total utility economists use the following basic total utility formula: TU = U1 + MU2 + MU3 … The total utility is equal to the sum of utils gained from each unit of consumption. In the equation, each unit of consumption is expected to have slightly less utility as more units are consumed