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Define Marginal Utility

Marginal Utility: It is addition more to the net or total utility as consumption is increased by one more unit of commodity.

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    Q : Minimum of the average variable cost

    Short-run supply curve of a purely competitive firm’s is: (w) its MC curve above the minimum of the AVC curve. (x) the upward sloping part of its ATC curve. (y) the intersection where is MR = MC. (z) horizontal up to the firm’s productive