Marginal utility
A)increases as more of a good is consumed
B)increases as the total utility of consuming a good increases
C)is the same as the utility of consuming a good
D)is the same as the utility of consuming an additional unit of a good
E)is the same for all units of a good,but varies from one consumer to another

Question

Quizplus · Accepted Answer

Marginal utility is the additional satisfaction or utility that a consumer derives from consuming an extra unit of a good or service. It is not the same as total utility, which represents the overall satisfaction a consumer derives from consuming a certain amount of a good or service. Marginal utility may increase or decrease with each additional unit consumed depending on the individual's preferences and level of consumption.

Marginal Utility