What is marginal utility - SS2 Economics Concept of Utility – Average, Marginal And Total Utility Question
What is marginal utility?
A
The total satisfaction or happiness that a consumer gets from consuming a particular quantity of a good or service.
B
The additional satisfaction or happiness that a consumer gets from consuming one additional unit of a good or service.
C
The average level of satisfaction or happiness that a consumer derives from each unit of the good or service.
correct option: b
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