Question

what is euai marginal utility
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Answer 1

Explanation:

Marginal utility quantifies the added satisfaction a consumer garners from consuming additional units of goods or services. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase.

Answer 2

Answer:

The second unit is devoted to the second most valued end, and so on. In other words, the law of diminishing marginal utility postulates that when consumers go to market to purchase a commodity, they do not attach equal importance to all the commodities they buy.

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