Respuesta :
The amount of additional satisfaction obtained from consumption of an additional unit of a good or service is "Marginal Utility".
What is marginal utility?
The additional pleasure a consumer has from owning one extra unit of an item or service is known as marginal utility. Economists utilise the idea of marginal utility to estimate the quantity of a good that consumers will buy.
Some key features of marginal utility are-
- The additional satisfaction a consumer experiences from owning one extra unit of an item or service is known as marginal utility.
- When the overall utility is increased by the consumption of the an additional item, positive marginal utility occurs.
- On the other side, negative marginal utility arises when the overall utility is reduced by the consumption of one extra unit.
- Economists utilise the idea of marginal utility to estimate the quantity of a good that consumers will buy.
- Progressive taxation are frequently defended using the law of decreasing marginal utility.
- Negative, zero, or positive marginal utility are all possible.
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