The additional satisfaction received from consuming an additional unit of a good is called the.

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23-08-2022
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The additional satisfaction received from consuming an additional unit of a good is called the.

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rafikiedu03 rafikiedu03 · Answer 1 · 2022-08-28T09:42:07+02:00

The additional satisfaction received from consuming an additional unit of a good is called Marginal utility.

Marginal utility is the additional satisfaction a consumer receives for having one more unit of a good or service. The concept of marginal utility is used by economists to determine whether consumers are willing to buy a product.

Marginal utility is the pleasure the consumer obtains for each additional unit of consumption. Calculate utility beyond the product originally consumed. If he buys one bottle of water and then buys a second bottle of water, the utility he gets from the second bottle of water is the marginal utility.

In economics, this law helps consumers understand how a single good can achieve equilibrium. In most cases, the consumer can use the product until the marginal utility equals the market price, maximizing consumer satisfaction.

Learn more about marginal utility https://brainly.com/question/14797444

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