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The extra satisfaction from one more unit

The extra satisfaction from one more unit

Utility is the satisfaction a consumer gains from consuming a good or service. Marginal utility is the extra satisfaction gained from consuming one additional unit.

7.1.2 diminishing marginal utility Lesson

  1. Intl A Level
  2. /Economics
  3. /7.1.2 diminishing marginal utility

Step-by-step lessons on CIE Intl A Level Economics 7.1.2 diminishing marginal utility. Each one builds up to exam-style questions.

Lessons