20140405

marginal utility

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FRIDAY QUIZ CHALLENGE
Test your knowledge of this week's terms
Question:
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TERM OF THE DAY

marginal utility

An increase in an activity's overall benefit that is caused by a unit increase in the level of that activity, all other factors remaining constant. Also called marginal benefit.
Learn more about this term
Usage Example
Marginal utility is the additional satisfaction found by consumers after completing an activity or using a product or service.
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