The consumption of an additional unit of a good provides additional satisfaction, which is called:
A) total benefit.
B) marginal social benefit.
C) average utility.
D) marginal utility.

Name: The consumption of an additional unit of a good provides additional satisfaction, which is called: A) total benefit. B) marginal social benefit. C) average utility. D) marginal utility.
Brand: Quizplus
Rating: 4.7 (46 reviews)

Question

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or benefit gained from consuming one more unit of a good or service.

The Consumption of an Additional Unit of a Good Provides