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Which of the following best describes marginal utility? Group of answer choices the cost a power plant accrues when producing one more unit of electricity.
Which of the following best describes marginal utility?
Group of answer choices
the cost a power plant accrues when producing one more unit of electricity.
the difference between a consumer's willingness to pay and the price paid.
the incremental satisfaction a consumer experiences when consuming one more unit of a particular product, keeping all else equal.
the total utility derived from consuming a product divided by that product's price.
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