Respuesta :
If the total utility of consuming the first piece of chewing gum in a packet is 30, it means that marginal utility of consuming the first piece of gum is: 30.
Define marginal utility.
Marginal utility is the enjoyment a consumer gains from having one more unit of a good or service. To predict how much of a good buyers will buy, economists use the concept of marginal utility. It describes the level of happiness or pleasure consumers feel when their consumption increases or decreases by one unit.
There are three types of marginal utility. In light of this, their marginal utility can be positive, negative, or zero. The idea of marginal utility is useful for explaining how consumers select goods and services to make the most of their available funds.
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