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3 October, 05:22

Marginal Utility is the satisfaction or usefulness obtained from acquiring one more unit of a product.

Question 9 options:

True

False

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Answers (1)
  1. 3 October, 05:31
    0
    The statement is true

    Explanation:

    Utility is defined as the usefulness which a customer can get from acquiring a service or good.

    MU (Marginal Utility) is the one which is the additional utility or goods or service gained or acquired by a customer, from the consumption of 1 additional unit. In other words, it is the usefulness which is obtained from gaining one more or additional unit of a product.

    Therefore, the statement is true.
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