Marginal utility is best computed as the ratio of:
A) total utility to change in quantity consumed.
B) the change in total utility to total quantity consumed.
C) total quantity consumed to total utility.
D) the change in total utility to change in quantity consumed.

Question

Quizplus · Accepted Answer

Marginal utility is the additional utility gained from consuming one additional unit of a good. It is best computed as the change in total utility divided by the change in quantity consumed. Therefore, the correct choice is D (the change in total utility to change in quantity consumed).

Marginal Utility Is Best Computed as the Ratio Of