Marginal utility/Definition: Difference between revisions

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The increase in the satisfaction experienced by a consumer caused by a unit increase in his possession of a product.
The increase in the satisfaction experienced by a consumer caused by a unit increase in his possession of a product.

Latest revision as of 23:37, 22 May 2008

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Marginal utility [r]: The increase in the satisfaction experienced by a consumer caused by a unit increase in his possession of a product.