Solved

Marginal Utility Is the Change in Total Utility That Results

Question 66

Multiple Choice

Marginal utility is the change in total utility that results from


A) an increase in the price of the good.
B) a change in the budget line.
C) a one-unit change in the quantity of a good consumed.
D) a decrease in the price of the good.
E) an increase in the consumer's income.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q61: The benefit that John gets from eating

Q62: -The above table</p></div><svg width=

Q63: If a consumer obtains 20 units of

Q64: -The above table</p></div><svg width=

Q65: If a consumer's budget increases,the budget line
A)

Q67: For Jack,the total utility from three shirts

Q68: -The above table</p></div><svg width=

Q69: If you get 40 units of utility

Q70: If the budget line rotates inward and

Q71: A relative price is the
A) price of

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents