What are the examples of marginal utility on your daily life?

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2026-03-03 19:35

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The marginal utility is the gain that one receives from the use of a good or service and the loss from a decrease in its use. One example is the use of bottled water to decrease a feeling of thirst is one example. If one does not have sufficient supply , they will fee the loss of that scarcity by way of thirst and discomfort. The marginal utility of the good is high.

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