-What is marginal utility?
A)It is the total satisfaction resulting from consuming a product.
B)It is the total satisfaction resulting from consuming all products.
C)It is the additional satisfaction resulting from consuming one more unit of all products.
D)It is the additional satisfaction resulting from consuming one more unit of a product.

Question

-What is marginal utility?
A)It is the total satisfaction resulting from consuming a product. 
B)It is the total satisfaction resulting from consuming all products. 
C)It is the additional satisfaction resulting from consuming one more unit of all products. 
D)It is the additional satisfaction resulting from consuming one more unit of a product.

Quizplus · Accepted Answer

Marginal utility refers to the extra satisfaction or utility that a consumer receives from consuming one additional unit of a good or service. It is a concept used in economics to analyze consumer behavior and decision-making processes.

-What Is Marginal Utility