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What is marginal utility

Answer» Marginal Utility (MU)\xa0It refers to additional utility on account of the consumption of an additional unit of a commodity.MU=TUn\xa0-TUn_1\xa0Where, MU = Marginal UtilityTUn\xa0= Total Utility at V units TUn_i= Total Utility at (n – 1) units.


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