number of units of commodity total utility 3 36 4 80 5 150 6 252 7 350 8 440refer to the table. the addition of which unit has the greatest marginal utility?

Respuesta :

The unit which has the greatest marginal utility is of Units of Commodity 6 Total Utility 252.

What is marginal utility?

In economics, utility is the satisfaction or benefit derived by consuming a product. The marginal utility of a good or service describes how much pleasure or satisfaction is gained by consumers as a result of the increase or decrease in consumption by one unit. There are three types of marginal utility. 

Marginal utility is the enjoyment a consumer gets from each additional unit of consumption. It calculates the utility beyond the first product consumed. If you buy a bottle of water and then a second one, the utility gained from the second bottle of water is the marginal utility.

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