Marginal utility equals
A)total utility divided by price.
B)total utility divided by the total number of units consumed.
C)the slope of the total utility curve.
D)the inverse of total utility.
E)the area below the demand curve but above market price.

Question

Quizplus · Accepted Answer

Marginal utility is the additional utility gained from consuming one more unit of a good or service. It is represented by the slope of the total utility curve, which measures the total satisfaction obtained from consuming all units of the good or service. Therefore, choice C is the correct answer.

Marginal Utility Equals