Liz's marginal utility for two different goods is determined by
A) her average utility for the two goods.
B) how much benefit she gets from another unit of each of those goods.
C) summing her total utility from consumption of each good and then dividing by two.
D) All of the above answers are correct.
Correct Answer:
Verified
Q2: Marginal utility is the
A) usefulness of a
Q3: The measure of the benefit you get
Q4: As an individual's consumption of a good
Q5: The total benefit that a person receives
Q6: Mark's marginal utility from reading books is
Q8: _ is the additional satisfaction a person
Q9: As Sean's consumption of rice goes up,
Q10: Marginal utility measures the
A) total utility from
Q11: Tom's consumption possibilities is defined by
A) his
Q12: A measure of all the satisfaction you
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents