_____ is the satisfaction received from consuming one additional unit of a good or service.
A) Net utility
B) Total utility
C) Marginal utility
D) Consumption
Correct Answer:
Verified
Q47: For a person whose income is based
Q48: Maria has a budget of $2,000 per
Q49: When economists refer to _, they are
Q50: Utility measurement is
A) statistically derived.
B) based on
Q51: Utility measures
A) the amount of satisfaction gained
Q53: In the theory of utilitarianism, economists assume
Q54: To an economist, utility is
A) identical to
Q55: The two theories of consumer choice used
Q56: Jeremy Bentham believed that governments should
A) promote
Q57: Marginal utility is NOT
A) measured in utils.
B)
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