Dirkjan: Created page with "In economics the concept of Utility describes the pleasure, satisfaction or benefit derived by a person from the consumption of goods or services. '''''Marginal Ut..."

2020-08-25T07:17:32Z

Created page with "In economics the concept of Utility describes the pleasure, satisfaction or benefit derived by a person from the consumption of goods or services. '''''Marginal Ut..."

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In economics the concept of [[Utility|Utility]] describes the pleasure, satisfaction or benefit derived by a person from the consumption of goods or services. '''''Marginal Utility''''' is the addition to total utility as a consumers purchases each extra unit of a good or service.

Marginal utility decreases per extra unit of consumption. This is called the ''law or decreasing marginal utility''.
[[Category:economics]]

[[Category:M22]]

[[Category:Term]]

Marginal Utility - Revision history

Dirkjan: Created page with "In economics the concept of Utility describes the pleasure, satisfaction or benefit derived by a person from the consumption of goods or services. '''''Marginal Ut..."