Marginal Utility is measured by using the formula of
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Utility, as per economics is the satisfaction that is derived by consumption of the product.
Marginal utility of a good is the change in terms of utility ranging from an increase in consumption of that particular good and service.
Marginal utility can be easily calculated by dividing the difference in terms of utility over difference in variable units.
The final answer you obtain will be the marginal utility consumed by each additional unit.
Marginal utility of a good is the change in terms of utility ranging from an increase in consumption of that particular good and service.
Marginal utility can be easily calculated by dividing the difference in terms of utility over difference in variable units.
The final answer you obtain will be the marginal utility consumed by each additional unit.
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Answer:
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Explanation:
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