Question

wht is marginal utility? With eg.

Answer 1

Diminishing Marginal Utility. Consuming one candy bar may satisfy a person's sweet tooth. If a secondcandy bar is consumed, the satisfaction of eating that second bar will be less than the satisfaction gained from eating the first. If a third is eaten, the satisfaction will be even less.

Answer 2

he Marginal Utility of Money. ... Marginal utility refers to how much additional value/happiness is derived from one additional unit of the good or service. Most goods and servic Example of Marginal Utility. ... As a person purchases more and more of a product, the marginal utility to the buyer gets lower and lower, until it reaches a point where the buyer has zero need for any additional units of the good or service. At that point, the marginal utility of the next unit equals zero.es are said to have “decreasing marginal utility