Which of the following defines marginal utility?
A) the change in total utility divided by the price of a product
B) the maximum amount of satisfaction from consuming a product
C) the total satisfaction derived from a certain amount of the product
D) the additional satisfaction from consuming one more unit of a product
Correct Answer:
Verified
Q108: Q109: Total utility may be determined by Q110: While eating at Alex's "Pizza by the Q111: Utility refers to the Q112: Total utility is best defined as the Q114: When diminishing marginal utility starts happening as Q115: Where total utility is at a maximum,
A)multiplying the
A)satisfaction that a consumer
A)change
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