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Igoryamba
2 years ago
12

What term is best described as the additional satisfaction gained from purchasing a good given the price of the product?.

Business
1 answer:
g100num [7]2 years ago
4 0

Please note that the term marginal utility is used to describe the additional benefit or utility gained by a consumer from purchasing and using an additional unit of a product or service.

<h3>What is Marginal Utility used for?</h3>

In social science - economics, Marginal Utility is used to calculate how much of an item or service a consumer will be ready or willing to purchase.

It aids the economist to determine consumer behavior in relation to the way a person would spend their income on various goods in order to gain the most benefit possible.

See the link below for more about Marginal Utility:
brainly.com/question/15050855

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3 years ago
Dave and Kelly are discussing how quickly products now become obsolete in their industry. David believes this will make it more
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3 years ago
The country of Lilliput has low unemployment and high consumer spending, and small businesses are thriving. However, prices are
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Raise the income tax, which gives citizens less money to spend, and buy more services from civilian - owned businesses, which creates more jobs.

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3 years ago
Which ad format gives viewers the choice of whether or not to watch your ad, and helps drive brand consideration?
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4 0
3 years ago
An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical produ
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Difficult entry, Mutual interdependence, Market is control by a few large firms.

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An Oligopolistic market very few organisations control a particular market share. Likewise, when another organisation attempts to enter the market, there are obstructions set up by the current organisations. Similarly, if one organisation changes or alter a commodity, it affects all other firms and organisations. So there is mutual interdependence in the oligopolistic market. There is high mutual interdependence because firms produce identical or the same goods and services.

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