Economics · Consumer Behaviour
What is the definition of marginal utility of a product?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The satisfaction derived before consuming the last unit of the product
- 2The total satisfaction derived from consuming one additional unit of the product
- 3The maximum satisfaction derived from consuming the product
- 4The additional satisfaction derived from consuming one more unit of the product✓
Correct answer
The additional satisfaction derived from consuming one more unit of the product
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