Advertisements
Advertisements
Question
What is marginal utility?
Options
Total satisfaction from all units
Satisfaction from the first unit
Extra satisfaction from one more unit
The price paid for a good
MCQ
Advertisements
Solution
Extra satisfaction from one more unit
Explanation:
Marginal utility is the extra happiness a person gets from consuming one more unit of a good.
shaalaa.com
Is there an error in this question or solution?
