______ is the additional utility gained from consuming an additional unit of a good.
A)Total utility
B)Marginal Utility
C)Utility
D)Utils

Question

Quizplus · Accepted Answer

Marginal utility is the additional utility gained from the consumption of an additional unit of a good. Total utility is the overall satisfaction gained from the consumption of a good, but it does not specify the additional satisfaction gained from consuming an additional unit. Utility is a general term used to describe the satisfaction or usefulness gained from consuming a good. Utils are a hypothetical unit of measurement used to quantify utility, but they are not the actual term used to describe the additional satisfaction gained from consuming an additional unit. Therefore, the best choice is B) Marginal Utility.

______ Is the Additional Utility Gained from Consuming an Additional