Economy, asked by debsingh915, 11 months ago

what is meant by marginal utility​

Answers

Answered by MissTanya
1

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Marginal utility quantifies the added satisfaction that 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.

Answered by shubharmattad
2

*The benefit gain from consuming one additional unit of a product or service is called marginal utility.

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