Given a total utility function, Marginal utility is obtained by finding ______
A)First derivative
B)Second derivative
C)Integral
D)Coefficient

Question

Quizplus · Accepted Answer

Marginal utility is obtained by finding the first derivative of the total utility function with respect to the quantity of the good or service. This derivative represents the change in total utility from consuming an additional unit of the good or service.

Given a Total Utility Function, Marginal Utility Is Obtained by Finding