The change in utils for each change in units consumed is known as the
A) total utility.
B) slope.
C) diminishing marginal utility.
D) unity of utility.
E) marginal utility.

Question

Quizplus · Accepted Answer

The change in utils for each change in units consumed is known as marginal utility. This is because it represents the additional satisfaction or utility gained from consuming one more unit of a good or service. A and D are incorrect because total utility and unity of utility refer to the overall level of satisfaction or utility gained from consuming all units of a good or service, rather than the incremental change in satisfaction gained from consuming one more unit. B is incorrect because slope refers to the steepness of a line on a graph, rather than the change in utility. C is related to marginal utility, but specifically refers to the fact that as more units of a good are consumed, the additional satisfaction gained from consuming each additional unit tends to decrease.

The Change in Utils for Each Change in Units Consumed