Marginal utility theory is about
A) proving that demand curves are always downward sloping.
B) calculating consumer surplus.
C) the total satisfaction resulting from the consumption of some good by the consumer.
D) the consumer behaviour that underlies the theory of demand.
E) how producers allocate their scarce resources.

Question

Quizplus · Accepted Answer

Marginal utility theory explains consumer behavior and how consumers make decisions to maximize their satisfaction, which underlies the theory of demand.

Marginal Utility Theory Is About