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Consumer Choice and Utility
The Demand Curve and Utility
Economics Textbooks Boundless Economics Consumer Choice and Utility The Demand Curve and Utility
Economics Textbooks Boundless Economics Consumer Choice and Utility
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 6
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Principle of Diminishing Marginal Utility

Total and marginal utility

Total and marginal utility

As you can see in the chart, the more of a good you consume, the further its marginal utility decreases.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Marginal-utility."
    http://commons.wikimedia.org/wiki/File:Marginal-utility.png Wikimedia CC BY-SA.

Related Terms

  • utility
  • marginal benefit
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