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How is total utility derived from …

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How is total utility derived from marginal utility

Posted by Sakshi Kataria 6 years, 5 months ago

CBSE > Class 11 > Economics

2 answers

Ritu Manon 6 years, 5 months ago

MU is TUn -TUn-1

Sia ? 6 years, 5 months ago

Marginal utility is the additional utility derived from the consumption of one more unit of the given commodity. It is the utility derived from the last unit of a commodity purchased. As per given example, when 3rd ice-cream is consumed, TU increases from 36 utils to 46 utils.

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