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13 March 2025
23 January 2024
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Created page with "A Marginal Utility Economic Measure is an micro-economic measure that quantifies the additional satisfaction or benefit gained from consuming or using an additional unit of a good or service. * <B>Context:</B> ** It can (typically) be used to assess the incremental benefit or satisfaction gained from an additional unit of consumption. ** It can (typically) decrease as more units are consumed, following the Law of Diminishing Marginal Utility. ** It can (often..."
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