Marginal utility is the
A) total amount of satisfaction gained by the consumption of a good or service.
B) additional satisfaction gained by the consumption or use of one more unit of something.
C) price of a good relative to the prices of other goods and services.
D) comparison of utility between two different people.

Question

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or benefit gained from consuming one more unit of a good or service. It is not the total amount of satisfaction but rather the incremental increase in satisfaction from consuming an additional unit.

Marginal Utility Is the