The term marginal utility denotes the amount by which ________ changes when consumption changes by ________ unit(s).
A)total utility; 1
B)demand; 10
C)demand; 1
D)total utility; 10

Name: The term marginal utility denotes the amount by which ________ changes when consumption changes by ________ unit(s). A)total utility; 1 B)demand; 10 C)demand; 1 D)total utility; 10
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Question

Quizplus · Accepted Answer

Marginal utility is the change in total utility gained from consuming an additional unit of a good.

The Term Marginal Utility Denotes the Amount by Which ________