Question #222340
Suppose the total utility function of a consumer is given by TU(x) = 2x
2
. What is the marginal
utility of X? With step?
1
Expert's answer
2021-08-03T12:57:24-0400

The marginal utility of good X is the partial derivative of the utility function with respect to good X.

The marginal utility of good X (MUx) =∂TU∂X=4X\frac{\partial TU} {\partial X} = 4X

The marginal utility of good X (MUx) = 4X


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