Marginal utility is the
A)utility that an individual gains from consuming an additional unit of a good.
B)minimum utility that a person must receive from a good in order to consume it.
C)cost that an individual bears in consuming another unit of a good.
D)total opportunity cost of consuming a good.
E)amount of utility that an individual gains from consuming a good.

Question

Quizplus · Accepted Answer

Marginal utility refers to the additional benefit gained from consuming one more unit of a good. It is the increase in utility or satisfaction that a consumer experiences when consuming an additional unit of a good or service.

Marginal Utility Is the