Economy, asked by ravikumar00007, 11 months ago

in choosing between burger and shirts , consumers increases their purchase of each until

Answers

Answered by nehasaxena2005
0

Answer:

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Explanation:

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Answered by nehar2102
0

In choosing between burger and shirt, consumers increase their purchases of both, till the marginal utility from the very last rupee spent is equal for both.

Step by step explanation:

  • Utility refers to the satisfaction one have after consuming a good or service.

  • Marginal utility refers to the change in the utility due to increase in the consumption of goods or services.
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