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Both the total utility and the marginal utility are the same for the 4th and 5th chips that you ate. What does this mean?
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Both the total utility and the marginal utility are the same for the 4th and 5th chips that you ate. What does this mean?

Both the total utility and the marginal utility are the same for the 4th and 5th chips-example-1
User Chris KL
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Answer:

While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.

Step-by-step explanation:

User Debhere
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