The rate of increase in utility is - WAEC Economics 2014 Question
The rate of increase in utility is
A
average utility
B
increasing utility
C
total utility
D
marginal utility
correct option: d
In economics, 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 or decrease in the consumption of that good or service.
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