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What is the marginal utility?
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What is the marginal utility?
Marginal Utility :
It refers to the satisfaction/utility derived from consumption of one more/additional unit of goods and services.
For example::
Sumit is very thirsty. He drinks a glass of water. With drinking second glass of water his satisfaction/marginal utility goes dawn. Finally a stage come where it will be zero or can be negative also.
Thanks.
It refers to the satisfaction/utility derived from consumption of one more/additional unit of goods and services.
For example::
Sumit is very thirsty. He drinks a glass of water. With drinking second glass of water his satisfaction/marginal utility goes dawn. Finally a stage come where it will be zero or can be negative also.
Thanks.
Community Answer
What is the marginal utility?
Marginal utility is the addition to the total utility resulting from the consumption of one additional unit of the commodity
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What is the marginal utility?
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What is the marginal utility? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the marginal utility? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the marginal utility?.
What is the marginal utility? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the marginal utility? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the marginal utility?.
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