With the consumption of third brownie we gain a marginal utility of 5 utils.
In economics, the term marginal utility means that the additional or extra benefit that a customer gets from buying an extra unit of the service. This is used by economists to evaluate and determine the rate of selling of a specific product by the consumer.
During 19th century, the concept of Marginal utility was grew by economists to analyze and explain the fundamental economic reality of price. The standard rule for marginal utility is:
Marginal utility= total utility difference/ quantity of goods difference.
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