Question

What is Marginal Utility
GPT 3.5
Marginal utility is the additional satisfaction or benefit that a consumer derives from consuming one more unit of a good or service. It is a concept in economics that helps to measure how much value or satisfaction a consumer gets from each additional unit of a product. The concept of marginal utility is based on the law of diminishing marginal utility, which states that as a consumer consumes more units of a good or service, the additional satisfaction derived from each additional unit decreases.