According to economic theory,people will seek additional utility as long as marginal utility exceeds marginal cost.

Question

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Economic theory states that individuals will continue to consume additional units of a good or service as long as the additional utility or satisfaction gained by consuming one more unit (marginal utility) is greater than the additional cost incurred by consuming that extra unit (marginal cost). Therefore, people seek additional utility as long as marginal utility exceeds marginal cost.

According to Economic Theory,people Will Seek Additional Utility as Long