In this article we will discuss about:- 1. Meaning and Definition of Marginal Utility 2. Salient Features of Marginal Utility 3. Kinds 4. Measurement. Meaning and Definition of Marginal Utility: Utility is defined as the want satisfying power of a commodity or service. When a commodity is consumed the want of a person is satisfied. […]
Marginal Utility: Meaning and Features | Commodities | Microeconomics
Article shared by : 