The amount by which an additional unit of a good or service increases a consumer's total utility is:
A) marginal bliss.
B) marginal benefit.
C) marginal utility.
D) marginal.

Question

Quizplus · Accepted Answer

The concept described in the question is that of marginal utility, which refers to the additional satisfaction or usefulness that a consumer derives from acquiring an extra unit of a good or service. Marginal bliss is not a recognized economic term, and while marginal benefit is related to the concept of marginal utility, it is more commonly used to describe the additional benefit that an individual or society receives from an extra unit of a public good or service. The term "marginal" without further qualification is not specific enough to answer the question.

The Amount by Which an Additional Unit of a Good