The change in total utility that results from a one-unit increase in the quantity of a good consumed is
A)additional utility.
B)marginal utility.
C)average utility.
D)marginal utility per dollar.
E)fractional utility.

Question

Quizplus · Accepted Answer

The change in total utility that results from a one-unit increase in the quantity of a good consumed is known as marginal utility. Marginal utility is the additional satisfaction or pleasure that a consumer receives from consuming an additional unit of a good or service. It is also equal to the change in total utility divided by the change in quantity consumed.

The Change in Total Utility That Results from a One-Unit