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What is the change in total utility due ...

What is the change in total utility due to consumption of one additional unit of an item called ?

A

Marginal Utility

B

Maximum Utility

C

Minimum Utility

D

Change Utility

Text Solution

Verified by Experts

The correct Answer is:
A
Marginal Utility is the additional Satisfaction that a customer gets for an additional unit of consumption or additional unit of service.
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