Please note that the term marginal utility is used to describe the additional benefit or utility gained by a consumer from purchasing and using an additional unit of a product or service.
What is Marginal Utility used for?
In social science - economics, Marginal Utility is used to calculate how much of an item or service a consumer will be ready or willing to purchase.
It aids the economist to determine consumer behavior in relation to the way a person would spend their income on various goods in order to gain the most benefit possible.
See the link below for more about Marginal Utility:
https://brainly.com/question/15050855
