What Is Marginal Utility

question 100

Multiple Choice

What is marginal utility?

• A)the change in total utility divided by the price of a good
• B)the maximum amount of satisfaction from consuming a good
• C)the total satisfaction received from consuming as much of the good that is available for consumption
• D)the additional satisfaction received from consuming one more unit of a good
• E)the change in the price of a good divided by the change in total utility

---

Definitions:

GPS System

Global Positioning System, a satellite-based navigation system that provides location and time information globally.

Satellites

Satellites are objects placed into orbit around Earth or other planets for communication, navigation, weather observation, and research.

Convergence

The trend of blending together different technological systems, media platforms, or industries into a cohesive, unified experience.

Physical Devices

Physical Devices relate to the hardware components of a computer system or network, including everything from the central processing unit and memory to peripherals like keyboards and printers.