lilshowtyme14 lilshowtyme14
  • 09-03-2022
  • Social Studies
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Both the total utility and the marginal utility are the same for the 4th and 5th chips that you ate. What does this mean?

Both the total utility and the marginal utility are the same for the 4th and 5th chips that you ate What does this mean class=

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meceia
meceia meceia
  • 09-03-2022

Answer:

While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.

Explanation:

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