Why does the marginal utility increase if the consumer purchases less of a product?

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Economics An Introduction To Traditional And Progressive Views

ISBN: 9780765616685

7th Edition

Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers

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Question Posted: Nov 08, 2023 09:01 PM

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Why does the marginal utility increase if the consumer purchases less of a product?

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The marginal utility of a product is the additional satisfaction or benefit that a consumer derives from consuming one more unit of that product The l...View the full answer

Economics An Introduction To Traditional And Progressive Views

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