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:

Freezing Rows

A feature in spreadsheet applications that allows rows or columns to remain visible on the screen as a user scrolls through the document, enhancing navigation and comparison.

Absolute References

In spreadsheet applications, cell references that remain constant even if the formula is copied or moved to another cell.

Relative References

In spreadsheets, these refer to cell addresses that change when a formula or function is copied to another cell.

Mixed References

In spreadsheet software, a cell reference that combines absolute and relative referencing, allowing certain parts of the reference to change while others remain constant.