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Defin tu and mu

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Defin tu and mu
  • 3 answers

Akshita Yadav 7 years, 8 months ago

Mu refers to the utility derived on the account of consumption of every additional unit of a commodity

Akshita Yadav 7 years, 8 months ago

Tu refers to the sum total of utility derived from the consumption of all the units of a commodity

Deepankar Sarkar 7 years, 8 months ago

TU=The sum total of all Marginal Utilities. MU=The change in total utility resulting from a unit increase in consumption. MU =TUn-TUn-1
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