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The marginal theory of value takes account of both scarcity and desirability by holding that, the total value of a good depends on the _______ rendered by the last unit consumed.
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The marginal theory of value takes account of both scarcity and desirability by holding that, the total value of a good depends on the _______ rendered by the last unit consumed.

User OnIIcE
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The marginal theory of value takes account of both scarcity and desirability by holding that, the total value of a good depends on the utility rendered by the last unit consumed.

Answer: utility.
User Perry Tew
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