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CBSE Class 11-commerce Answered

What is total utility and marginal utility
Asked by karunakaranrsm69 | 06 Aug, 2019, 06:38: AM
answered-by-expert Expert Answer
Total utility refers to the total satisfaction obtained from the consumption of all possible units of a commodity. 
 
Marginal utility is the additional utility derieved from the consumption of one more unit of the given commodity.
Answered by Christina | 06 Aug, 2019, 10:11: AM
CBSE 11-commerce - Microeconomics
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