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प्रश्न
Distinguish Between:
Total Utility and Marginal Utility
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उत्तर
| Sr. No. | Total Utility | Marginal Utility |
| 1. | Total Utility (TU) refers to the aggregate of utility derived by the consumer from all units of a commodity consumed. | Marginal Utility (MU) is the additional utility derived by the consumer on consumption of an additional unit of the commodity. |
| 2. | TUn = MU1 + MU2 + MU3 + ... + MUn TUn = Σ MUn | MUn = TUn – TU(n-1) |
| 3. | TU initially increases at diminishing rate | MU goes on diminishing continuously. |
| 4. | At the point of satiety, TU is maximum | At the point of satiety, MU is zero. |
| 5. | TU declines if consumption continues after the point of satiety. | MU becomes negative if consumption continues after the point of satiety. |
| 6. | TU is always positive. | MU can be positive, negative or zero. |
| 7. | Diagram: |
Diagram: |
APPEARS IN
संबंधित प्रश्न
Aggregate of utility derived by the consumer from all units of a commodity consumed −
In relationship between Total Utility & Marginal Utility, MU (Marginal Utility) of a commodity becomes negative when TU (Total Utility) of a commodity is ______.
Identify & explain the concept from the given illustration.
Kavita consumed an additional unit of bread to satisfy her hunger.
Explain the relationship between total utility and marginal utility
State with reason whether you agree or disagree with the following statement
When total utility is maximum, marginal utility is zero.
Study the following table, figure, passage and answer the question below it:
| Units | Total Utility | Marginal Utility |
| 1. | 40 | ______ |
| 2. | 60 | 20 |
| 3. | 70 | 10 |
| 4. | ______ | 0 |
| 5. | 60 | -10 |
- Complete the table ______ (1m )
- When Total utility falls Marginal utility is_______ (1m)
- Draw total utility and marginal utility curve______ (2m)
Give economic terms:
Additional utility derived by a consumer from an additional unit consumed.
Assertion (A): Marginal utility (MU) goes on diminishing.
Reasoning (R): Total utility (TU) increases at a diminishing rate.
Which statement best explains the "subjective" nature of utility in economics?
What type of utility is created when sand is moved to a construction site where it is needed?
Which example best demonstrates "Service utility"?
Which example best demonstrates "Service utility"?
Which scenario best shows utility differs from pleasure?
Which feature of utility explains why woollen clothes are more valued in winter compared to summer?
What does the term "utility" refer to in economics?
Which of the following statements correctly shows how utility can change?
Which example best illustrates the concept of utility?
Which of the following is NOT a type of utility mentioned in the topic?
How does utility differ from pleasure, usefulness, and satisfaction in economics?
