Question

How Do I Calculate Marginal Utility?

Answer 1

Marginal utility can be calculated using the formula

Marginal utility = Change in number of units consumed / change in total quantity.

$=(T{U}_f–T{U}_i)/(Q_f–Q_i)$

$=\Delta TU/\Delta Q$

Also read:

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

Learn about more questions and answers on business studies and various other commerce topics from our website.