Examples of using Total utility in English and their translations into Indonesian
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Colloquial
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Ecclesiastic
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Computer
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Ecclesiastic
society should aim to maximize the total utility of individuals, aiming for"the greatest happiness for the greatest number of people".
is correct if and only if the sum total of utilities produced if everyone were to follow that rule is greater than the sum total utilities produced if everyone were to follow some alternative rule.
TUn= Total utility of nth unit.
Marginal utility is the first derivative of total utility.
Explain the relationship between‘total utility' and‘marginal utility'.
When marginal utility is positive, total utility goes on increasing.
you need two different total utility measurements.
Mathematically, marginal utility is the partial derivative of a total utility function.
Total utility is just the concept of utility applied to more than one good.
marginal utility becomes negative, and your total utility starts to decrease.
Negative marginal utility is when the consumption of an additional item decreases the total utility.
Positive marginal utility is when the consumption of an additional increment increases the total utility.
Your marginal utility(and total utility) after eating one chocolate bar will be quite high.
Total utility, as the term indicates,
He failed to distinguish between"total" utility and"marginal" utility. .
Quite simply, total utility will increase at a slower pace as an individual increases the variety consumed.
However, after certain stage, the total utility also starts decreasing
it still decreases the total utility because it's not worth the cost.
As a general rule, MU is equal to the change in total utility divided by the change in the quantity of goods consumed.
society should aim to maximise the total utility of individuals, aiming for"the greatest happiness for the greatest number.".