Marginal utility
A)is the extra satisfaction derived from consuming an additional unit of a good.
B)is the total satisfaction derived from consuming an additional unit of a good.
C)is the total satisfaction derived from consuming a good.
D)always remains constant as additional units of a good are consumed.

Question

Quizplus · Accepted Answer

Marginal utility is the additional satisfaction that a consumer derives from consuming an extra unit of a good. It is usually measured by the change in total utility when an additional unit is consumed.

Marginal Utility