Total utility is the total satistaction a consumer gets from consuming an additional product. TU=TUx(1)+MUx(2) TU=TOTAL UTILITY TUx=TOTAL UTILITY OF PRODUCT CONSUMED MUx=MARGINAL UTILITY OF PRODUCT CONSUMED remember that this is the same product the the toal utility of 1 prouct must be added to the marginal utility of the next marginal utility of the … Read more