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The term _________________ refers to the additional utility provided by one additional unit of consumption.

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nprocks958 nprocks958

13-04-2022

Answer:

Marginal Utility

Explanation:

Marginial Utility is the term used to describe the additional amount of utility (utils) given by consuming one additional unit of a product.

For example, the first bite of a cupcake could be 20 utils.

If the second bite of cupcake adds 15 utils (up to 35 utils), then the marginal utility is 15 utils.

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