The change in total utility due to a 1-unit change in the quantity consumed is:
A) marginal utility.
B) average utility.
C) per capita utility.
D) total utility.
E) the principle of diminishing marginal utility.
Correct Answer:
Verified
Q28: Assume the total utilities corresponding to the
Q49: If marginal utility is positive, then total
Q50: The statement "as more of a good
Q51: Marginal utility will generally decrease when:
A) more
Q52: Marginal utility can be measured by the
Q53: Suppose that for Merv the marginal utility
Q55: "As consumption of a good increases, the
Q57: Marginal utility is best computed as the
Q58: As a general rule, marginal utility will
Q59: Assume the total utilities corresponding to the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents