Question

What is marginal utility of money?

Answer 1

Answer:

Marginal utility of money refers to utility that the consumer expects to obtain from a standard basket of goods which he or she can buy for a rupee.

Explanation:

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Answer 2

Answer:

Marginal Utility is the worth of a ruppee to a consumer. That is how much Utility he considers a ruppee to hold when he goes to spend it.