Utility D Total utility is the sum total of the individual utilities derived from the consumption of a single unit of good, 2) Total utility increases at a diminishing rate Marginal Utility 1) Marginal utility is the addition made to the total utility from every additional unit consumed. 2) decrease 3) TO 3) At the point of satiety MU - 4) become ng alive Mommun 4) Total utility declines if consumption continues. 5) Total utility deter- mines value in use of a commodity. 6) 5) alus, exchang 6) Marginal utility can be positive, negative, zero. 7) Diagram : 7) Diagram: TU TU curve 2+ Units 0 7

Utility D Total utility is the sum total of the individual utilities d

1.	Utility D Total utility is the sum total of the individual utilities derived from the consumption of a single unit of good, 2) Total utility increases at a diminishing rate Marginal Utility 1) Marginal utility is the addition made to the total utility from every additional unit consumed. 2) decrease 3) TO 3) At the point of satiety MU - 4) become ng alive Mommun 4) Total utility declines if consumption continues. 5) Total utility deter- mines value in use of a commodity. 6) 5) alus, exchang 6) Marginal utility can be positive, negative, zero. 7) Diagram : 7) Diagram: TU TU curve 2+ Units 0 7
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