Marginal Utility Is

question 33

Multiple Choice

Marginal utility is

• A)The sum of the total utility of consuming a certain amount of a good.
• B)The additional utility a consumer enjoys from the consumption of one more unit of a good.
• C)The diminishing nature of total utility.

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Definitions:

Cerebral Cortex

The outer layer of the cerebrum in the brain, involved in complex mental processes such as thought, perception, and decision-making.

Cerebrum

The largest part of the brain, responsible for cognitive functions such as thought, memory, and decision-making.

Motor Cortex

The motor cortex is a region of the brain involved in the planning, control, and execution of voluntary movements.

Frontal Lobes

Regions of the brain located at the front of each cerebral hemisphere, associated with reasoning, motor skills, higher level cognition, and expressive language.