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Define MU(marginal Utility) and TU(total Utility).

Define MU(marginal Utility) and TU(total Utility).
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Marginal Utility (MU)

Marginal utility is the additional satisfaction a consumer gains from consuming one more unit of a good or service. Positive marginal utility is when the consumption of an additional item increases the total utility. Negative marginal utility is when the consumption of an additional item decreases the total utility.

Total Utility (TU)

Total utility is the total satisfaction obtained from all units of a particular commodity consumed over a period of time. It is the sum of marginal utilities of each succesive unit of consumption.

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