Formula For Calculation Of Total Utility Is________.

Total utility refers to the summation of all additional or marginal utility derived from every extra unit of consumption.

Therefore, the total utility can be calculated by the formula:

\(TU = \sum MU \)

(OR)

\(TU = MU_{1}+ MU_{2}+ MU_{3} + MU_{4} + ………+ MU_{n}\)

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