What is the relation between total utility and marginal utility?
Answers
Answered by
1
Answer:
TU=summission of MU
MU=change in TU/change in quantity
MUn=TU(n) - TU(n-1)
Answered by
10
The relationship between total and marginal utility :-
• TU and MU both starts from same point .
• As TU increases , MU falls by consuming every additional unit of good or service .
• When TU at its maximum level , MU is Zero .
• When TU starting decline , at the same time MU tends to negative .
Similar questions
Math,
3 months ago
Computer Science,
3 months ago
Math,
3 months ago
English,
7 months ago
Chemistry,
11 months ago
Political Science,
11 months ago