What is meant by Marginal Utility of Money?

Asked by raksha2sanubth | 10th Jul, 2020, 02:44: PM

Expert Answer:

The additional utility gained by a consumer from an additional unit of money is called marginal utility of money
It is the increase in satisfaction or utility derieved from having an additional unit of money

Answered by Christina | 10th Jul, 2020, 04:19: PM

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