The marginal value of a commodity to a consumer
A) increases as more of the good is consumed.
B) is exactly equal to price for all units purchased by the consumer.
C) is measured by the height of the individual consumer's demand curve.
D) is equal to the area above the price and below the individual consumer's demand curve.

Question

Quizplus · Accepted Answer

The marginal value of a commodity to a consumer is represented by the height of the individual consumer's demand curve, which shows the maximum price the consumer is willing to pay for each additional unit.

The Marginal Value of a Commodity to a Consumer