Class 11th Understanding Total Utility

Total utility refers to the overall satisfaction or happiness a person derives from consuming a certain quantity of a good or service. It represents the combined benefit gained from consuming all units of a particular product.

Example:

Imagine you're eating slices of pizza. The total utility in this case is the enjoyment you experience from eating every slice of pizza you consume. Let's say you start with the first slice, and it's incredibly satisfying, giving you a high level of happiness (utility). As you continue eating more slices, your total utility increases, but each additional slice adds a bit less to your overall satisfaction. Eventually, you might reach a point where you're comfortably full, and the enjoyment you get from eating another slice diminishes significantly.

In this scenario, the total utility is the sum of the happiness you felt from each slice of pizza you ate. It's a way to measure how much overall satisfaction you've gained from consuming all the slices together.

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