ECONOMICS
NOTES FOR
I.Com / FA / FSc / BA / BSc/ B.com / ADP /
BS / BBA / M BA / M.Com / ACCA
THEORY OF CUSTOMER BAHAVIOUR
Marginal Utility
Meaning: -
Marginal utility means an additional or incremental utility.
Definition: -
Utility of the last unit of a commodity consumed or utility of an
additional unit consumed or the change in satisfaction from
consuming an extra unit is called marginal utility. Separate utility of
every unit is also called marginal utility.
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