Examlex
On a sparsely populated island, high-speed Internet service would have a _____ marginal utility than in New York City, while in New York City quiet evenings would carry a _____ marginal utility than on a deserted island.
Diminishing Marginal Utility
is an economic principle stating that as a person increases consumption of a product, there is a decline in the additional satisfaction (utility) that person gains from consuming one more unit of the product.
Marginal Utility
The additional satisfaction or usefulness obtained from acquiring or consuming one more unit of a good or service.
Marginal Utility
The increase in satisfaction or utility a consumer experiences from the consumption of one additional unit of a good or service.
Positive Utility
The benefit or satisfaction gained from consuming goods and services, contributing to overall well-being.
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