Marginal utility
A) remains constant.
B) is the level of satisfaction received from consuming an additional unit.
C) is found by taking the change in total utility and dividing it by the price.
D) is always positive.

Question

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service. It does not remain constant (A), is not calculated by dividing the change in total utility by the price (C), and can be negative if consuming an additional unit decreases overall satisfaction (D).

Marginal Utility