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  • Chapter 3

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    Keertana Murali
    8 views24 pages
    This document discusses the relationship between total utility (TU) and marginal utility (MU). It defines key terms like table and graph, observes the law of diminishing marginal utility, and makes assumptions shown in Table 2 and graphs. It also notes an observation about hoarding money as satisfaction of wants does not end.

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    This document discusses the relationship between total utility (TU) and marginal utility (MU). It defines key terms like table and graph, observes the law of diminishing marginal utility, and makes assumptions shown in Table 2 and graphs. It also notes an observation about hoarding money as satisfaction of wants does not end.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views24 pages

    Chapter 3

    Uploaded by

    Keertana Murali
    This document discusses the relationship between total utility (TU) and marginal utility (MU). It defines key terms like table and graph, observes the law of diminishing marginal utility, and makes assumptions shown in Table 2 and graphs. It also notes an observation about hoarding money as satisfaction of wants does not end.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 24

    Explain the relationship between

    TU and MU.
    Definition
    table
    graph
    Observation
    Law of DMU
    Assumptions
    Table 2
    Both graphs
    Observation
    (Satisfaction of wants does not end)

    Hoards money

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