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Question
The additional satisfaction a consumer gains from consuming one more unit of a goods or service is:
The additional satisfaction a consumer gains from consuming one more unit of a goods or service is:
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Solution
The correct option is C Marginal utility
Marginal means additional. Therefore, marginal utility means the additional utility which the consumer derives after consuming one extra unit of that commodity.
Marginal means additional. Therefore, marginal utility means the additional utility which the consumer derives after consuming one extra unit of that commodity.
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