The marginal utility from the consumption of a good is equal to the
A) total utility divided by the quantity consumed.
B) total utility divided by the price.
C) change in total utility divided by the change in the quantity consumed.
D) change in total utility divided by the change in price.
Correct Answer:
Verified
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
Q13: Suppose Jill's consumption bundle is made up
Q15: Utility is best defined as
A) the amount
Q16: Which of the following is NOT an
Q17: Which of the following statements is TRUE?
A)
Q18: Total utility describes
A) the benefit gained from
Q19: Marginal utility is the
A) total satisfaction that
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