Marginal Utility is the satisfaction or usefulness obtained from acquiring one more unit of a product.

Question 9 options:

True

False

The statement is true

Explanation:

Utility is defined as the usefulness which a customer can get from acquiring a service or good.

MU (Marginal Utility) is the one which is the additional utility or goods or service gained or acquired by a customer, from the consumption of 1 additional unit. In other words, it is the usefulness which is obtained from gaining one more or additional unit of a product.

Therefore, the statement is true.