Total utility is the total satistaction a consumer gets from consuming an additional product.
TU=TUx(1)+MUx(2)
TU=TOTAL UTILITY
TUx=TOTAL UTILITY OF PRODUCT CONSUMED
MUx=MARGINAL UTILITY OF PRODUCT CONSUMED
remember that this is the same product the the toal utility of 1 prouct must be added to the marginal utility of the next marginal utility of the next quantity consumed.
TU=TUx(1)+MUx(2)
TU=TOTAL UTILITY
TUx=TOTAL UTILITY OF PRODUCT CONSUMED
MUx=MARGINAL UTILITY OF PRODUCT CONSUMED
remember that this is the same product the the toal utility of 1 prouct must be added to the marginal utility of the next marginal utility of the next quantity consumed.
