Economy, asked by hemadhasai, 9 months ago

Marginal utility in terms of money = marginal utility in utils /​

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Answered by Anonymous
14

Answer:

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Explanation:

Marginal utility of money is the amount of value (happiness) gained from an increase amount of money available to you. This value changes depending on how much you already have stache'd away. Put another way, the value I get from saving an extra dollar means a lot more than to a billionaire.

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