Question

The difference between total utility and marginal utility is thatGroup of answer choicesa. total utility is usually larger than marginal utility.b. total utility is cumulate and marginal utility is not.c. total utility is more accurate than marginal utility.

Answer 1

Answer:

The correct answer is letter "B": total utility is cumulate and marginal utility is not.

Explanation:

While the total utility is the aggregate result of consuming goods or services representing the overall satisfaction those goods or services provided, the marginal utility refers only to the satisfaction provided by consuming one more good in regards to its cost.