Question

How to calculate marginal utility

Answer 1

Answer:

Marginal utility = total utility difference / quantity of goods difference

1. Find the total utility of the first event.
2. Find the total utility of the second event.
3. Find the difference between both (or all) events.
4. Find the difference between the number of goods between both (or all) events.
5. Apply the formula.

Explanation:

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