Question: Marginal utility is defined as the increment to total utility that results from the consumption of one more unit of some good or service. The

Marginal utility is defined as the increment to total utility that results from the consumption of one more unit of some good or service. The equation for marginal utility is:

Total revenue

/

quantity demanded

The change in total utility

/

the change in quantity

The change in quantity

/

the change in total utility

The change in total utility

/

the change in total revenue

Marginal utility is defined as the increment to total utility that

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