Marginal utility
A) is always positive.
B) is the same for all units of a commodity consumed.
C) declines with each additional unit consumed.
D) is the sum of all the total utilities.

Question

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or utility that a consumer receives from consuming an additional unit of a good or service. According to the law of diminishing marginal utility, as a consumer consumes more units of a good, the utility gained from each additional unit decreases. Therefore, marginal utility typically declines with each additional unit consumed.

Marginal Utility