Marginal Utility Is a Measure

question 79

Multiple Choice

Marginal utility is a measure

• A)of total utility derived from consuming a given amount of a good
• B)of the total utility gained from consuming an extra unit of a good
• C)computed by dividing total utility by the amount of a good consumed
• D)determined by production conditions in a market
• E)of the cost associated with consuming one more unit of a good

---

Definitions:

Mean

A statistical measure representing the central or typical value in a set of data, often understood as the common "average".

Normally Distributed

A type of distribution in which the data points are symmetrically distributed around the mean, forming a bell-shaped curve.

Standard Deviation

A measure of the dispersion or variability within a set of numerical data, indicating how much individual data points differ from the mean.

Mean

The mean of a set of numbers obtained by summing them up and then dividing by the total number of values.