Distinguish between total and marginal utility

Total Utility	Marginal Utility
(i) Total utility means overall benefit obtained by a person from consumption of goods and services.	(i) Marginal utility means the amount of utility a person gets from the consumption of each successive units of a commodity.
(ii) The total utility increase as more of a commodity is consumed.	(ii) The marginal utility decreases with each additional units of a commodity consumed.
(iii) Suffers from diminishing returns.	(iii) Declines for each additional unit consumed.
(iv) Total utility is also called “full satiety”.	(iv) Marginal utility is also known as “Marginal satiety”
(v) Total utility is upward slopping TU=€MU	(v) Marginal utility is downward slopping MU= ΔTU/ΔQ
(vi) For example: If you purchased two slices of pizza, your total utility would be the satisfaction you receive from consuming both slices.	(vi) For example: If you purchased two slices of pizza, your marginal utility would be the satisfaction you gained consuming an additional slice.