Question 29 of 32
Q.State with reasons whether you agree or disagree with the following statement:
The concept of total utility and marginal utility is the same.
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2026Subjective· 4mImportance★★★★★
91% · 29/32 Questions
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Start your 14-day free trial to unlock the full solution →The statement is wrong. Total utility is the aggregate satisfaction from all units consumed; marginal utility is the extra satisfaction from one more unit. They are linked but clearly distinct.
I disagree with the statement. The two concepts are related but different:
| Basis | Total Utility (TU) | Marginal Utility (MU) |
|---|---|---|
| Meaning | Total satisfaction from consuming all units of a good | Additional satisfaction from consuming one more unit |
| Formula | TU = sum of marginal utilities (ΣMU) | MU = change in TU / change in units (TUn − TUn-1) |
| Behaviour | Increases as consumption rises, then becomes maximum, then falls | Goes on diminishing with each extra unit (Law of DMU) |
| At maximum TU | TU is at its peak | MU becomes zero |
| After that point | TU falls | MU becomes negative |
| … |
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