How do we calculate marginal utility?

[1 mark]

∆TU/∆Q

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∆MU/∆Q

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∆Q/∆TU

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∆Q/∆MU

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Solution

The correct option is A ∆TU/∆Q
Marginal utility is the additional utility derived by the consumption of one additional unit of the commodity. It is calculated as the change in total utility/change in quantity.

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