Marginal utility is
A) The sum of the total utility of consuming a certain amount of a good.
B) The change in total utility obtained by consuming one additional unit of a good or service.
C) The diminishing nature of total utility.
D) Always negative or zero.
Correct Answer:
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Q1: The marginal utility for a good is
Q3: If an individual demands a good,it means
Q4: Josh is eating pizza at his
Q5: Josh is eating pizza at his
Q6: As compared to sociologists and psychologists,economists accept
Q7: When economists refer to the determinants of
Q8: The additional pleasure or satisfaction from a
Q9: Which of the following is not a
Q10: The law of diminishing marginal utility states
Q11: Total utility is
A)The additional utility from consuming
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