Question

What s marginal utility?

Answer 1

Answer:

the benefit gained from consuming one additional unit of a product or service.

Answer 2

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Marginal utility is the utility derived from each successive unit. It is the utility gained from the consumption of one additional unit of a commodity or service.

General formula of calculating Marginal Utility :-

$\: \: \: \: \: \: \: \boxed{ \tt{ \: \: MU_n = TU_n - TU_{n-1} \: \: }}$