Question

What Is the Shape of the Marginal Utility Curve?

Answer 1

The marginal utility refers to the additional utility (satisfaction or enjoyment) that is received from the consumption of an additional unit of a commodity.

Since the consumption increases the marginal utility decreases and therefore the shape of the marginal utility curve slopes downward.

Also read:

• Total Product Average Product and Marginal Product
• Difference Between Total Utility and Marginal Utility
• Consumer Equilibrium Utility Analysis
• Difference Between Cardinal and Ordinal Utility Study Material

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