Total utility and marginal utility cannot be plotted on the same graph.

Question

Quizplus · Accepted Answer

Total utility is a cumulative measure of satisfaction obtained from consuming a certain quantity of a good or service, whereas marginal utility is the additional satisfaction or utility gained from consuming an additional unit of a good or service. Total utility is plotted on a graph with quantity consumed on the x-axis and total utility on the y-axis, while marginal utility is plotted on a separate graph with quantity consumed on the x-axis and marginal utility on the y-axis.

Total Utility and Marginal Utility Cannot Be Plotted on the Same