Marginal utility per dollar is calculated by ________ the price of the good.
A) multiplying the marginal utility from a good by
B) dividing the marginal utility from a good by
C) multiplying the total utility from a good by
D) dividing the total utility from a good by
E) averaging the marginal utility from the good with

Question

Quizplus · Accepted Answer

Marginal utility per dollar is calculated by dividing the marginal utility from a good by the price of the good. This calculation helps consumers make decisions about how to allocate their limited budgets among different goods, based on the satisfaction they can get from each additional dollar spent.

Marginal Utility Per Dollar Is Calculated by ________ the Price