Question

What is the formula for marginal utility?

Answer 1

The formula for marginal utility is as follows:

MUn =TUn −TUn−1

Where,

MUn = Marginal Utility

TUn = Total Utility of the current unit.

TUn−1 = Total utility of the previous unit

Also read:

• Difference Between Total Utility and Marginal Utility
• Consumer Equilibrium Utility Analysis
• Difference Between Cardinal and Ordinal Utility Study Material
• Utility

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