Asked by
Syeda Jamal
on Oct 12, 2024Verified
Marginal utility
A) is the usefulness a consumer derives from a certain good or service.
B) is the utility a consumer derives from a certain good or service.
C) increases as more of a good or service is consumed.
D) is the additional utility derived from consuming one more unit of a good or service.
Marginal Utility
The additional satisfaction or benefit a consumer derives from consuming one more unit of a good or service.
Additional Utility
The extra satisfaction or pleasure a person receives from consuming an additional unit of a good or service.
- Assess the marginal and total utility from specified data points.
Verified Answer
CG
Learning Objectives
- Assess the marginal and total utility from specified data points.