The term marginal utility denotes the amount by which ______ changes when consumption changes by _____ unit(s).
A)total utility,1
B)demand,5
C)demand,1
D)total utility,5

Name: The term marginal utility denotes the amount by which ______ changes when consumption changes by _____ unit(s). A)total utility,1 B)demand,5 C)demand,1 D)total utility,5
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Question

Quizplus · Accepted Answer

Marginal utility refers to the change in total utility that results from consuming one additional unit of a good or service.

The Term Marginal Utility Denotes the Amount by Which ______