Economics

Meaning of Total utility and marginal Utility and the relationship between Total Utility and Marginal Utility

Posted on

In this article we will discuss about Meaning of Total utility and marginal Utility and the relationship between Total Utility and Marginal Utility.   TOTAL UTILITY Total utility (TU) means total satisfaction obtained from the consumption of all possible units of a commodity. It includes total satisfaction which consumer gets from consumption of all goods […]