What is zero marginal utility?
Answers
Answered by
1
Answer:
Zero marginal utility is when having more of an item brings no extra measure of satisfaction. For example, if you receive two copies of the same issue of a magazine, that extra copy has little added value. Positive marginal utility is when buying extra versions of an item is satisfying.
Similar questions
Computer Science,
6 months ago
Chinese,
6 months ago
Physics,
11 months ago
Physics,
11 months ago
Chemistry,
1 year ago