Question

If your total satisfaction increases when you consume another unit, your marginal utility must be?

Answer 1

If your total satisfaction increases when you consume another unit, your marginal utility must be positive.

Marginal utility is the entertainment a client profits from each extra unit they consume. It calculates utility beyond the first product consumed (the marginal amount). For example, you may buy an iced doughnut. In turn, you get hold of a positive stage of utility or delight from it.

In economics, utility is the satisfaction or advantage derived by consuming a product. The marginal application of an excellent service describes how a good deal of satisfaction or satisfaction is won or lost by using consumers because of the growth or lower in intake by way of one unit. There are 3 varieties of marginal application.

In economics, the same old rule is that marginal software is the same as the marginal utility change divided by the alternate in the number of goods. The system seems as follows: Marginal software = total software distinction/quantity of goods difference.

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