Marginal utility is the
A) overall satisfaction obtained from consuming a good
B) additional satisfaction obtained from consuming one more unit of a good
C) average satisfaction obtained from consuming a good
D) the change in satisfaction obtained from consuming
Correct Answer:
Verified
Q2: Which of the following statements cannot be
Q4: Marginal utility can be objectively measured and
Q9: Which of the following statements concerning utility
Q9: Utility is
A)easily measured because all people derive
Q11: Different people may have different tastes, but
Q12: Marginal utility is a measure
A)of total utility
Q21: As a consumer buys more of a
Q25: The law of diminishing marginal utility implies
Q28: If marginal utility is negative, total utility
Q32: Positive marginal utility implies increasing total utility.
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