What does the term 'marginal utility' of a product mean?

Economics Mcqs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

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Subject
Economics Mcqseconomics-mcqs
Published
25 Feb 2025
Last updated
28 May 2026

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Explanation

Marginal utility refers to the extra satisfaction or benefit a consumer receives from using an additional unit of a good or service.

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