Let qA be the quantity of apples and go the quantity of oranges. A consumer's utility is described by the function u(qA,90)= 39A +590 For this consumer, the marginal utilities are MUA= Moreover, the marginal rate of substitution is MRSA,O= ✓and MUO= PA If this consumer is currently consuming 2 apples and 4 oranges, then we know Po =

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Form Utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as well. Though utility is not easy to measure, various types of economic models can be used indirectly. There can be various types of utilities like economic utility, marginal utility, cardinal utility, form utility.