If Ranjodh Singh is consuming 4 units of a commodity, then his total utility is 20 utils and with the consumption of 5 units, his total utility is 18 utils. What will be the value of the marginal utility of the 5th unit?
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Explanation:
total utility for 4units=20
total utility for 5units=18
marginal utility of 5th unit =total utility for 5units -total utility for 4units
=20-18
=2
marginal utility=2
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