How to calculate marginal utility

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Reference no: EM131728147

Question:

How to calculate marginal utility if we have no utility/utils data available?

Know the price of two items, the first worth 50$ and the second 20$, and the overall budget fixed at 200$

Calculate the additional utility for each in case the buyer would buy 2 items Worth 50 and 5 items worth 20.

Reference no: EM131728147

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