The Additional Satisfaction Gained from Consuming One More Unit of a Product

question 153

Multiple Choice

The additional satisfaction gained from consuming one more unit of a product or service is

• A)marginal utility.
• B)total utility.
• C)the same for every person.
• D)average utility.
• E)not measurable.

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Definitions:

Too Narrow

A logical fallacy where a definition or explanation is more limited in scope than is necessary, excluding relevant instances or data.

Developmental Period

A specific phase in an individual's life marked by unique physical, psychological, or emotional growth and change.

Sexual Maturity

The stage in which an individual reaches full reproductive ability and exhibits secondary sexual characteristics.

Adolescence

A developmental stage that occurs between childhood and adulthood, marked by significant physical, psychological, and social changes.