By itself,the marginal utility of a particular good:
A) provides important information about a consumer's preferences.
B) tells us how much a consumer would pay for the good.
C) tells us how much the consumer values the good.
D) is completely meaningless.

Question

Quizplus · Accepted Answer

Marginal utility, by itself, without comparison to the marginal utility of other goods or to the marginal cost of acquiring more of the good, does not provide meaningful information about a consumer's preferences, how much they would pay, or how much they value the good. It simply measures the additional satisfaction from consuming one more unit of the good.

By Itself,the Marginal Utility of a Particular Good