The additional utility that George receives from consuming one more slice of pizza is called
A)average utility.
B)marginal utility.
C)total utility.
D)diminishing utility.

Question

Quizplus · Accepted Answer

Marginal utility is the additional satisfaction or usefulness a consumer derives from consuming an extra unit of a good or service. In this case, the additional satisfaction George receives from consuming one more slice of pizza is the marginal utility.

The Additional Utility That George Receives from Consuming One More