Marginal Utility Is Defined as the

question 46

Multiple Choice

Marginal utility is defined as the

• A) extra utility gained by consuming an extra unit of a good.
• B) total utility from all units consumed of a good.
• C) average utility gained by consuming an average amount of the good.
• D) total utility gained by consuming an extra unit of a good.
• E) change in quantity divided by the change in utility.

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Definitions:

Symbol

A mark or sign used as a conventional representation of an object, function, or process.

Square

A shape or object having all four sides of equal length and all angles of 90 degrees; in mathematics, the product of a number multiplied by itself.

Parts Per Drawing

The quantity of components or parts depicted within a single drawing, indicating the number of pieces to be fabricated or assembled.

Detail Drawings

Technical drawings providing comprehensive details necessary for the manufacture or description of an item.