Solved

To Calculate the Marginal Utility of Consuming the Nth Product

Question 14

Multiple Choice

To calculate the marginal utility of consuming the Nth product:


A) subtract additional satisfaction from consuming the (N - 1) th production from the additional satisfaction from consuming the Nth product.
B) subtract total satisfaction from consuming N - 1 products from total satisfaction from consuming N products.
C) divide total satisfaction from consuming all N products by the price of the product.
D) divide total satisfaction from consuming all N products by N.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents