Total utility is the:
A) satisfaction from each unit of a good or service consumed.
B) satisfaction from the total amount of a good or service consumed.
C) change in total satisfaction from consuming an additional unit of a good or service.
D) difference between the satisfaction from consuming a good or service and its cost.

Question

Quizplus · Accepted Answer

Total utility refers to the total satisfaction received from consuming a certain amount of a good or service, not the satisfaction per unit or the change in satisfaction from an additional unit.

Total Utility Is The