Thecardinal utility believes in measuring the satisfaction level in utils and the ordinal utility believes that the satisfaction level cannot be evaluated; however, it can be levelled. This article is a ready reckoner for all the students who want to learn the difference between cardinal utility and ordinal utility. It explains that the Marginalutility is the additional utility, or satisfaction, obtained from the consumption of one additional unit of a certain good. The example below will help make things clearer. Let's assume that the utility of Josh is quantified in "utils". Josh consumed a total of 4 cookies. Answerthis Question on the basis of the following total utility data for products A and B. Assume that the prices of A and B are $6 and $8, respectively, and that consumer income is $36. If the price of A decreases to $4, then the utility-maximizing combination of the two products is. c. Themarginal utility of the 80th unit is less than that of the 120th because the graph increases from left to right until the 120th unit. E. The marginal utility of the 80th unit is more than that of the 120th because the change in total Theproblem can be solved when we consider that for a quantity of 5, marginal utility is 6. This shows that total utility increases by 6 when quantity increases from 4 to 5. Since total utility for a quantity of 5 is 76, total utility for a quantity of 4 is 70 (76 - 6). Table Answers are: Row 1: 27 Row 2: 46 Row 3: 14 Row 4: 70 & 10 Row 5: 77 b Vay Tiền Online Chuyển Khoản Ngay.

what is total utility and marginal utility