kinds of utility

1) Total Utility:

Total Utility is the utility from all units of consumption.
According to Mayer's—”Total Utility is the sum of the marginal utilities associated with the consumption of the successive units.”
2) Marginal Utility:
Marginal utility is the utility derived from the last or marginal unit of consumption. It refers to the additional utility derived from an extra unit of the given commodity purchased, acquired or consumed by the consumer.
It is the net addition to total utility made by the utility of the additional or extra units of the commodity in its total stock. It has been said—as the last unit in the given total stock of a commodity.
According to Prof. Boulding—”The marginal utility of any quantity of a commodity is the increase in total utility which results from a unit increase in its consumption.”

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