answersLogoWhite

0

Marginal utility is an economic concept that determines how much of an item a consumer will buy. Positive marginal utility happens when the consumption of the additional item increases. On the other hand, negative marginal utility occurs when the consumption of additional item decreases.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

What are the features or importance of micro and macro economics?

The important of each


What is the importance of microeconomics in the daily life of a person?

micro economics has got a much more importance in our life.The basic concept of micro economics applications are demand,suuply,computation and consumer behaviour.


What is the importance of micro economics in the study of managerial economics?

its a economics for decision making where we have to be very optimize and implement those situation which will be helpful in profit maximization in our businees effectively and efficiently since the micro economics explains the concepts like demnd,production ,supply analysis,so that it maximises the profit.


Micro-Economics is also called?

micro economics is also called?


Give the differences between micro and macro economics?

ten difference of micro economics macro economics


Who is first use a word of Micro economics?

Who is first use a words of micro economics & macro economics


10 related features of micro economics?

10 examples of micro economics


What are the basic division in economics?

micro economics and macro economics


Macro economics and micro economics?

macro is a root for large, while micro is, of course, small


Give the 2 division of economics?

Micro economics and macro economics


'what is the assumptions of economics by Alfred marshall'?

Alfred marshall made a heroic assumption of 'cetris paribus' which means other things being equal/constant in economics. This assumption he used for the theories he put forth viz. theory of demand,theory of supply,theory of diminishing marginal utility,etc. Most of his theories come under the sub field- micro economics. The assumption of cetris paribus is the main, there are many others for each law besides cetris paribus.


What are the scopes of macro economics?

same as of micro economics