Marginal Utility Is Defined as the

question 99

Multiple Choice

Marginal utility is defined as the

• A)change in marginal utility a person derives from the consumption of a good.
• B)change in total utility a person derives from the consumption of a good divided by the price of that good.
• C)change in total utility a person derives from the consumption of a good divided by the change in the quantity of the good consumed.
• D)sum of the amounts of satisfaction a person receives from consuming a good.
• E)change in total utility a person derives from the consumption of a good divided by the value in use of that good.

---

Definitions:

New-product Strategy

A plan that outlines the conceptualization, development, and launch of new products, considering the target market and the competitive landscape.

Strategy Development

It involves creating plans and tactics to achieve a specific organizational goal or objective, typically by analyzing internal and external environments.

Prove Profitable

To demonstrate or confirm that an activity, investment, or venture is generating a financial profit or benefit.

Product-line Extension

The addition of new products to an existing line, offering customers new choices and expanding the product range.