The change in total satisfaction from consuming each additional unit of a good, service, or activity is:
A) total utility.
B) average utility.
C) adjusted utility.
D) marginal utility.
Correct Answer:
Verified
Q3: Cost-benefit analysis:
A) is a method for evaluating
Q4: The benefit to a person from an
Q5: The cost of a purchase or action
Q6: Opportunity costs:
A) are incurred in every activity
Q7: The marginal utility from consuming a good,
Q9: Marginal utility is the:
A) satisfaction from the
Q10: Total utility is the:
A) satisfaction from each
Q11: The satisfaction received from consuming a specified
Q12: The table below shows the total utility
Q13: The table below shows the marginal utilities
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