Learning Contents:                                                              ·          Concept of Total Utility ·          Concept of Marginal Utility & its types ·          Relationship between Total and Marginal Utility Total Utility (TU) If the utility is cardinal and measurable, the total utility is defined as the sum total of utility (satisfaction) derived from the consumption of all the units of a commodity. In mathematical terms, Total utility is the direct function of the number of units of a commodity. In simple words, more of the units o...