Marginal utility is
A)the extra satisfaction derived from consuming an additional unit of a good.
B)the total satisfaction derived from consuming an additional unit of a good.
C)the total satisfaction derived from consuming a good.
D)the change in total satisfaction as an additional unit of a good is consumed.
E)a and d

Question

Quizplus · Accepted Answer

Marginal utility refers to the extra satisfaction (utility) a consumer gains from consuming one more unit of a good or service, which is captured in both A) and D). A) directly defines marginal utility, while D) describes the process of how total satisfaction changes with the consumption of an additional unit, essentially reflecting the concept of marginal utility.

Marginal Utility Is