Economy, asked by ayadav8421124637, 11 months ago

what is utility and marginal utility​

Answers

Answered by abhi3023
9

Answer:

utility is the satisfaction or benefit derived by consuming a product;

thus the marginal utility of a goods or service is the change in the utility from an increase in the consumption of that good or service.

Answered by Anonymous
14

♥ Utility - It refers to the want satisfying power of a commodity .

♥ Marginal utility - It's the additional utility derived from the consumption of one more unit of the given commodity .

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