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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
1
50
2
95
45
3
130
35
4
160
30
5
175
15
6
180
7
-5
8
-15
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