This question is about how to calculate marginal utility.

What is the difference between total utility and marginal utility?

By Zippia Team - Dec. 7, 2022

While marginal utility measures the difference in utility between units of consumption, total utility measures the sum of utility received from all consumption. For example, a person who receives 10 utils from one cookie and 5 utils from a second assign two cookies a total utility of 15 utils. The marginal utility between zero and one cookie is 10 utils and the marginal utility between one and two cookies is 5 utils.

What is the difference between total utility and marginal utility?

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