The Change in Utils for Each Change in Units Consumed

question 138

Multiple Choice

The change in utils for each change in units consumed is known as the

• A) total utility.
• B) slope.
• C) diminishing marginal utility.
• D) unity of utility.
• E) marginal utility.

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Definitions:

Rate of Change

A mathematical measure that calculates the percentage change in the value of a variable over a specific period.

Immunization

A strategy in finance to shield a portfolio from interest rate changes by matching the duration of assets and liabilities.

Interest Rate Management

Strategies and practices employed by individuals and firms to manage or hedge against the potential impact of interest rate changes on their finances.

Net Worth

The total assets of an individual or corporation minus total liabilities, indicating financial health or stability.