What is marginal utility?
A)The utility derived from marginal products.
B)The utility derived from the consumption of all products.
C)The utility derived from the consumption of the average product.
D)The utility derived from the consumption of an extra unit of a product.

Question

Quizplus · Accepted Answer

Marginal utility is the additional utility or satisfaction that a consumer derives from consuming an extra unit of a product. It is usually considered in relation to the cost of the product, and can help consumers determine how much of a product is worth purchasing. Therefore, the correct answer is D.

What Is Marginal Utility