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What is difference between total utility …

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What is difference between total utility and marginal utility

    • Posted by Passang Sherpa 7 years, 6 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Sohan Kumar Dash 7 years, 6 months ago

    Total utility is summation of marginal utility of all the units Marginal utility is additional utility derived from additional unit of consumption of commodity.

    1Thank You

    Unknown . 7 years, 6 months ago

    Total Utility refers to the total satisfaction obtained from the consumption of all the units of a commodity. ... Marginal utility refers to change in total utility when one more unit of a commodity is consumed.

    2Thank You

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