Question

Explain the concept of marginal utility with the help of numerical example

Answer 1

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Answer 2

Answer:

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Marginal utility refers to the net addition made to the total utility by consuming one more unit (additional unit) of a commodity.If total utility derived from the consumption of n(number) units of a commodity is denoted by TU and total utility derived from the consumption of n+1 units is TUn+1 then mu=TUn+1-TUn

Explanation:

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