Utility Optimization &
Analyses
ECON 212(G)
By Wan j a M. Do u g l as
Chuka University
October 3, 2025
, MARGINAL UTILITY AND MARGINAL RATE OF SUBSTITUTIO
• Marginal utility(MU) is an economic concept that refer
to the additional satisfaction or pleasure a consumer
derives from purchasing one more unit of a good or
service
• Marginal utility describes the additional amount of
satisfaction consumers receive from purchasing additio
units of a good or service.
• Marginal utility is the change in total utility resulting from
unit change in quantity of a given commodity consumed
, Click to edit Master title style
Analyses
ECON 212(G)
By Wan j a M. Do u g l as
Chuka University
October 3, 2025
, MARGINAL UTILITY AND MARGINAL RATE OF SUBSTITUTIO
• Marginal utility(MU) is an economic concept that refer
to the additional satisfaction or pleasure a consumer
derives from purchasing one more unit of a good or
service
• Marginal utility describes the additional amount of
satisfaction consumers receive from purchasing additio
units of a good or service.
• Marginal utility is the change in total utility resulting from
unit change in quantity of a given commodity consumed
, Click to edit Master title style
