A person's marginal utility schedule is given below. Derive their… - Vidyadip

Question

A person's marginal utility schedule is given below. Derive their total utility schedule.

Amount Consumed	Marginal Utility
0	-
1	10
2	25
3	38
4	48
5	55

✓

Answer

As we know total utility is the sum total of marginal utilities as shown below.

Amount Consumed	Marginal Utility (Given)	Total Utility=$\Sigma\text{MU}$
0	-	0
1	10	10
2	25	35
3	38	73
4	48	121
5	55	176

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