Marginal utility is the
A) change in total utility that results from a one-unit increase in the quantity of a good consumed.
B) total benefit from the consumption of a good or service.
C) quantity of a good a consumer prefers.
D) average utility per unit consumed.
E) change in total utility that results from a one dollar increase in the price of a good consumed.

Question

Quizplus · Accepted Answer

Marginal utility refers to the change in total utility resulting from a one-unit increase in the quantity of a good consumed. In other words, it is the additional satisfaction that a consumer derives from consuming an extra unit of a good.

Marginal Utility Is the