http://iedubook.com/tutorial/su/10/CBSE,-ICSE/CBSE-Class-XI,-ISCE-Class-XI/CBSE-Class-XI-Economics-&-ISCE-Class-11-Economics.html<br /><br />Utility and types of utility i.e, Total and Marginal utility<br /><br />Utility refers to the expected satisfaction which consumer receives from the commodity in which has the capacity to satisfy his want on which she spends his resources.<br />Total utility refer to the total satisfaction derived by consumer from consumption of certain amount of commodities.<br />Marginal utility refer to the additional satisfaction derived by consumer from consumption of one more unit of commodities.
