The term _________________ refers to the additional utility provided by one additional unit of consumption.
A) utility
B) marginal utility
C) added utility
D) Giffen utility

Question

Quizplus · Accepted Answer

Marginal utility is the term used to describe the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

The Term _________________ Refers to the Additional Utility Provided by One