How Much Utility Is Gained by Spending an Additional Dollar

question 238

Multiple Choice

How much utility is gained by spending an additional dollar on good X?

• A) It is the average utility of good X divided by the price of good X.
• B) MU_x/P_x
• C) TU_x/P_x
• D) None of the above are correct.

---

Definitions:

Unionizing

The process of organizing workers into a union, a collective entity that represents them in negotiations with employers regarding wages, benefits, and working conditions.

Employee Meeting

A gathering or assembly of employees within an organization, often held to discuss company policies, objectives, strategies, or other work-related matters.

Union

An organization formed by workers to protect their rights and interests through collective bargaining.

NRLB

Likely refers to the National Labor Relations Board, an independent US government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.