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What is marginal utility??

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What is marginal utility??

Posted by Gaurav Pal 3 years, 5 months ago

CBSE > Class 11 > अर्थशास्त्र

1 answers

Sia ? 3 years, 5 months ago

In economics, utility is the satisfaction or benefit derived by consuming a product; thus the marginal utility of a good or service is the change in the utility from an increase in the consumption of that good or service.

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