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Define the term marginal utility

Define the term marginal utility
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Define the term diminishing marginal utility
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Consumer optimum requires that consumers make purchases so for that the last dollar spent on all goods, the ratio of marginal
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2. asked by AOL
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Quantity of goods consumed.1 2 3 4 5 6 Total utility 0 10 16 _ 23 23 Marginal utility 0 10 4 _ 1 _ A) complete the above table
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2. asked by Winnie faith
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how is marginal utility found?Marginal utility is the change in total utility divided by the change in the quantity consumed of
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2. asked by Keela
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1. Explain briefly the following concepts.A) Utility B) Indifference curve C) Law of diminishing marginal utility D) Budget line
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Define marginal utility
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2. asked by Mirriam Mwanza
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Define the marginal utility
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the marginal utility of good A is 3 imes the marginal utility of good B, and the price of good A is $4.50Use consumer
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2. asked by AOL
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The law of diminishing marginal utility states that at some point, a person's marginal utility from additional consumption
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2. 217 views