Multiple Choice
Marginal utility
A) is the change in total utility due to a one-unit change in the consumption of a good or service.
B) refers to the satisfaction a consumer gets from finding a low price for a good he desires.
C) will be negative as long as the consumer has to pay for the good.
D) is the total satisfaction derived from the consumption of a given quantity of a good or service.
Correct Answer:
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