Marginal utility

Marginal utility

Answer the questions in statements

 

leave out qns 21- 25 if you can’t manage to do them.
Also dont forget to number the answers and kindly don’t plagiarize
preview of the answer…
Utility is _______

B) subjective and cannot be measured.
Possible justification (statement or graph or both)
Utility is defined as the ability of a good or service to satisfy a given need or want and cannot be directly measured

2) Marginal utility is the _______

C) extra satisfaction received from consuming one more unit of a product.
APA 1502 words

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