Question

total utility,average utility and marginal utility​

Answer 1

Answer:

Average utility is that utility in which the total unit of consumption of goods is divided by number of total units. The quotient is known as average utility. Marginal utility is the utility derived from the last or marginal unit of consumption.

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Answer 2

Answer:

marginal:- the benefit gained from consuming one additional unit of a product or services.

total:- 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. Sometimes, economists like to subdivide utility into individual units that they call utils.

Average :- Average Utility is that utility in which the total unit of consumption of goods is divided by number of Total Units. The Quotient is known as Average Utility. For example—If the Total Utility of 4 bread is 40, then the average utility of 3 bread will be 12 if the Total Utility of 3 bread is 36 i.e., (36 ÷ 3 = 12).