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Economics

Marginal Utility (2)

In this article we will discuss Marginal Utility (2)

According to Chapman, “Marginal utility is the addition made to total
utility by consuming one more unit of commodity. Supposing a consumer gets 10 utils from the consumption of one mango and 18 utils from two mangoes, then the marginal utility of second mango will be 18-10=8 utils.

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