what is equalization of marginal utilities and mirginal productivities with price
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what is equalization of marginal utilities and mirginal productivities with price
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Answer:
Marginal utility theory examines the increase in satisfaction consumers gain from consuming an extra unit of a good. Utility is an idea that people get a certain level of satisfaction/happiness/utility from consuming goods and service. Marginal utility is the benefit of consuming an extra unit.
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