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26 February, 20:48

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

options:

a. True

b. False

+2
Answers (2)
  1. 26 February, 20:57
    0
    a. true

    Explanation:

    marginal utility is the extra usefulness information what we get
  2. 26 February, 21:06
    0
    TRUE

    Explanation:

    Marginal utility is a microeconomic concept used to measure the degree of satisfaction that each additional unit adds to the consumer. For example, I suppose you are a person who loves to eat chocolates. The first chocolate unit will bring you a very high degree of satisfaction, meaning the marginal utility of the first chocolate is very high. In the second unit, you are still in the mood, so the marginal utility of the second chocolate is also high. However, there will come a time when you can't stand eating chocolate anymore. This way, the marginal utility of the last chocolate you eat will be low. So beyond definition, it is a plus for you to understand the mechanisms of marginal utility, which are decreasing. As consumption increases over time, the marginal utility of the product becomes diminished for consumer satisfaction.
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