Marginal utility is the change in total utility that results from
A) a change in the budget line.
B) an increase in the price of the good.
C) an increase in the consumer's income.
D) a one-unit change in the quantity of a good consumed.
E) a decrease in the price of the good.

Question

Quizplus · Accepted Answer

Marginal utility measures the additional utility gained from consuming one more unit of a good. Therefore, the change in total utility resulting from a one-unit change in the quantity of a good consumed (choice D) is an example of marginal utility. The other answer choices do not describe the concept of marginal utility.

Marginal Utility Is the Change in Total Utility That Results