Asked by Celeste Machado on May 10, 2024
Verified
Marginal utility is the ______________.
Marginal Utility
The extra pleasure or benefit gained by a consumer from consuming an additional unit of a product or service.
- Recognize and elucidate the concept of marginal utility and its impact on consumer decision-making.
Verified Answer
AR
Ahmed RagehMay 13, 2024
Final Answer :
additional utility derived from consuming one more unit of some good or service
Learning Objectives
- Recognize and elucidate the concept of marginal utility and its impact on consumer decision-making.