Marginal utility

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Difference Between Total and Marginal Utility (with Comparison Chart) - Key Differences Marginal Utility, Economics Notes, Comparison Chart, Change In, The Change, Goods And Services, Economics, Line Chart, Physics

Many people have trouble understanding the differences between total and marginal utility. Total Utility means total benefit obtained by a person from consumption of goods and services. Marginal Utility means the amount of utility a person gets from the consumption of each successive unit of a commodity.

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