What is marginal utility
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Posted by Gurjot Dayal 6 years, 11 months ago
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Gaurav Seth 6 years, 11 months ago
Marginal Utility (MU) It refers to additional utility on account of the consumption of an additional unit of a commodity.
MU=TUn -TUn_1 Where, MU = Marginal Utility
TUn = Total Utility at V units TUn_i= Total Utility at (n – 1) units.
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