Marginal utility is the
A) overall satisfaction obtained from consuming a good
B) additional satisfaction obtained from consuming one more unit of a good
C) average satisfaction obtained from consuming a good
D) the change in satisfaction obtained from consuming 1 percent more of a good
E) additional cost of one more unit of a good
Correct Answer:
Verified
Q10: Utility is
A)the sense of pleasure or satisfaction
Q11: Different people may have different tastes, but
Q12: Marginal utility is a measure
A)of total utility
Q13: Exhibit 6-1 Q14: Which of the following statements concerning utility Q16: Exhibit 6-2 Q17: Exhibit 6-1 Q18: Economists assume people's tastes are Q19: Exhibit 6-1 Q20: Exhibit 6-1 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)determined solely by