Marginal utility is
A) the utility received from consuming one unit of a good.
B) the change in total utility due to a one-unit change in the quantity of a good consumed.
C) the total utility received from consuming a certain quantity of a good divided by the quantity.
D) the utility received by the last consumer of a good.
Correct Answer:
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Q14: If total utility is decreasing, then marginal
Q15: When economists refer to people making decisions
Q16: The utility that people experience from the
Q17: Utility analysis helps economists understand
A) how people
Q18: Marginal utility can be thought of as
A)
Q20: Which of the following is NOT true
Q21: Utility refers to
A) the usefulness of a
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