Define the following terms. Give a complete and precise definition in one sentence.
a.
total utility
b.
marginal utility
c.
consumer's surplus
d.
"law" of demand

Question

Define the following terms. Give a complete and precise definition in one sentence. 
a. 
total utility 
b. 
marginal utility 
c. 
consumer's surplus 
d. 
"law" of demand

Quizplus · Accepted Answer

The Answer of Define the following terms. Give a complete and precise definition in one sentence. 
a. 
total utility 
b. 
marginal utility 
c. 
consumer's surplus 
d. 
"law" of demand

Define the Following Terms