What is marginal utility?
A) the change in total utility divided by the price of a good
B) the maximum amount of satisfaction from consuming a good
C) the total satisfaction received from consuming as much of the good that is available for consumption
D) the additional satisfaction received from consuming one more unit of a good
E) the change in the price of a good divided by the change in total utility
Correct Answer:
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Q10: The first can of Sprite Jack drinks
Q11: A budget line is drawn with the
A)quantity
Q12: John likes to eat apples,oranges,and pears.If John
Q13: Total utility equals
A)the sum of the marginal
Q14: Use the table below to answer the
Q16: When total utility is increasing,marginal utility
A)is negative.
B)must
Q17: Marginal utility equals
A)total utility divided by price.
B)total
Q18: As more of a good is consumed,its
A)marginal
Q19: The budget line shows the boundary between
Q20: Use the table below to answer the
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