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Which of the following is the best synonym for "marginal" in economics?

Basic

Additional

Scarce

Minor


Sagot :

The word that is the best synonym for marginal is additional.

What is Marginal Utility?

Marginal utility is the additional satisfaction a consumer receives by owning another unit of goods or services. The concept of marginal utility is used by economists to determine whether consumers are willing to purchase an item.

How does marginal utility affect demand?

The marginal utility of a commodity decreases with each additional unit of consumption, according to the law of diminishing returns, and determines the price a customer is willing to pay for that commodity. As a result, the price of regular commodities decreases as usage increases.

your question is incomplete, but most probably your full question was

Consider the term marginal utility. which word is the best synonym for marginal?

Basic

Additional

Scarce

Minor

Learn more about marginal utility click below:

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