Marginal utility is calculated as
A) total utility/number of units consumed.
B) change in total utility/number of units consumed.
C) change in total utility/change in number of units consumed.
D) total utility/change in number of units consumed.
Correct Answer:
Verified
Q73: The marginal utility derived from viewing the
Q74: The total utility of consuming 6 units
Q75: When total utility is at a maximum
A)
Q76: When you buy something, you do so
Q77: The change in satisfaction derived when an
Q79: In utility analysis, a consumer's tastes and
Q80: Total satisfaction is maximized when
A) marginal utility
Q81: When total utility is falling
A) marginal utility
Q82: One student loves donuts. He receives 100
Q83: If marginal utility is zero
A) a rational
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