What are the formulas regarding finding out delta TU & MU? And the Relationship Between them.
The formula to calculate delta or change in total utility is as follows as follows. Marginal utility itself represents the change in total utility.
The relationship between TU and MU is already explained in our study material. Follow the given link and scroll down to the topic ' Relationship between total utility and marginal utility to view the same'
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/theory-of-consumer-behaviour/338_1981_5803#slide1_cardinal-approach-and-utility-analysis-total-utility-and-marginal-utility
The relationship between TU and MU is already explained in our study material. Follow the given link and scroll down to the topic ' Relationship between total utility and marginal utility to view the same'
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/theory-of-consumer-behaviour/338_1981_5803#slide1_cardinal-approach-and-utility-analysis-total-utility-and-marginal-utility