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Marginal Utility Assignment Help

Assignment Help: >> Marginal Utility Theory - Marginal Utility

Marginal Utility:

The marginal utility of a particular good or service is the additional satisfaction a consumer derives from one more unit of the good or services.  It is obtained as the ratio of change in total utility (?TU) to change in the quantity (?Q) consumed of a good or service.  For instance, marginal utility of Apple can be expressed as

MU2 = TU2 - TU1 

Quantity of Apple per day

Total Utility (Utils)

Marginal Utility

0

0

0

1

50

50

2

95

45

3

130

35

4

160

30

5

175

15

6

180

5

7

175

-5

8

160

-15

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