What is zero marginal utility? – InterviewSolution

InterviewSolution

1.	What is zero marginal utility?
Answer» Since a person buys a product more, its marginal utility to the buyer will become less, until it reaches the point where the buyer does not have any (zero) requirement for any extra unit of service. At that point, the marginal utility of the next unit is equal to zero and this is called Zero Marginal Utility.

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