The marginal utility for a good is computed as
A) Total utility divided by quantity.
B) Quantity divided by total utility.
C) The change in quantity divided by total utility.
D) The change in total utility divided by the change in quantity.
Correct Answer:
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Q2: Marginal utility is
A)The sum of the total
Q3: If an individual demands a good,it means
Q4: Josh is eating pizza at his
Q5: Josh is eating pizza at his
Q6: As compared to sociologists and psychologists,economists accept
Q7: When economists refer to the determinants of
Q8: The additional pleasure or satisfaction from a
Q9: Which of the following is not a
Q10: The law of diminishing marginal utility states
Q11: Total utility is
A)The additional utility from consuming
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