________ is the sum of the satisfaction gained from all additional units of consumption.
A) Marginal utility
B) Total utility
C) Partial additive utility
D) Diminishing utility
E) Consumptive utility

Question

Quizplus · Accepted Answer

Total utility is the sum of the satisfaction or pleasure obtained from consuming all units of a good or service. Marginal utility refers to the additional satisfaction gained from consuming one more unit of a good or service, not the sum of all units' satisfaction.

________ Is the Sum of the Satisfaction Gained from All