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Explain marginal utility. - Economics

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Question

Explain marginal utility.

Explain
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Solution

The marginal utility is the increase in the total utility which results from a unit increase in consumption.

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Chapter 3: Basic Concepts of Economics - QUESTION BANK [Page 51]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 3 Basic Concepts of Economics
QUESTION BANK | Q 11. | Page 51
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