Question

what is Total Utility and Marignal Utility​

Answer 1

$\huge\sf\colorbox{pink}{Answer}$

• In economics, utility refers to the amount of satisfaction that a consumer gains from a particular good or service. Total utility refers to the complete amount of satisfaction gained. Marginal utility refers to the satisfaction gained from an extra unit consumed.

Answer 2

Answer:

Total utility is the overall satisfaction that a consumer derives from the consumption of particular goods and services. Each individual unit of goods or services has a marginal utility of their own. ... The first good consumed provides the highest marginal utility, the second one a little lesser, and so on.