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Total utility:

is the change in total satisfaction derived from consuming one more unit of a good.
is the change in marginal satisfaction derived from consuming one more unit of a good.
decreases with the consumption of each additional good.
is the total satisfaction derived from the consumption of given quantity of a good.

User IqbalHamid
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Answer:

The answer is: is the total satisfaction derived from the consumption of given quantity of a good.

Step-by-step explanation:

Utility is the value or satisfaction received form consuming a product or service.

Total utility is the total satisfaction received from consuming a given amount of units of a product or service.

While marginal utility is the satisfaction we receive from consuming an additional unit of a product or service.

Total utility: is the change in total satisfaction derived from consuming one more-example-1
User RNDThoughts
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