Question

write two utilities of unit​

Answer 1

Answer:

(1) Marginal Utility goes on diminishing with the consumption of every additional unit of bread. (2) Total Utility goes on increasing with the consumption of every additional unit but at a diminishing rate. (3) Marginal Utility is equal to the increase in the Total Utility.

Explanation:

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Answer 2

Answer:

•●○ Total Utility: Total Utility (TU) implies overall level of satisfaction derived from a good by a consumer.○●•

•●○ In economics terms, Marginal Utility (MU) can be defined as additional utility gained from the consumption of an additional unit of a good. In other words, MU implies the utility derived from additional unit consumed.○●•

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