Marginal utility is
A)the difference in price between one store and another.
B)the difference in value between "some" of a thing and "none" of a thing.
C)the difference between any two successive total utility figures.
D)acquired only with the first few units of a good or service.
E)utility that is barely satisfactory.

Question

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service. It is calculated as the change in total utility from consuming an additional unit, which aligns with option C's description of the difference between any two successive total utility figures.

Marginal Utility Is