Marginal Utility Calculator
Parameter | Description | Example Value |
---|---|---|
Total Utility (Before) | The total satisfaction or benefit received from consuming a certain number of units before the additional unit. | 50 utils |
Total Utility (After) | The total satisfaction or benefit received from consuming one more unit. | 60 utils |
Change in Quantity | The increase in the quantity of the good consumed. | 1 unit |
Marginal Utility | The additional satisfaction or benefit received from consuming one more unit (Total Utility After – Total Utility Before) / Change in Quantity. | 10 utils |