The satisfaction or happiness received from consuming one more unit of a good is the:
A) demand schedule.
B) marginal utility.
C) quantity demanded.
D) maximum willingness to pay.

Name: The satisfaction or happiness received from consuming one more unit of a good is the: A) demand schedule. B) marginal utility. C) quantity demanded. D) maximum willingness to pay.
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Question

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or happiness a consumer gains from consuming one more unit of a good or service.

The Satisfaction or Happiness Received from Consuming One More Unit