The Consumption of an Additional Unit of a Good Provides

question 122

Multiple Choice

The consumption of an additional unit of a good provides additional satisfaction, which is called:

• A) total benefit.
• B) marginal social benefit.
• C) average utility.
• D) marginal utility.

---

Definitions:

Negligence Standard

A legal criterion used to evaluate whether a person's conduct lacks reasonable care, potentially leading to liability for damages caused by such carelessness.

Tort Law

The branch of law that deals with civil wrongs, personal or property damage, and other injuries for which courts can impose liability.

Tort Liability

Legal responsibility that arises from civil actions or wrongs not based on contracts, such as negligence or defamation.

Common Law

Law derived from judicial decisions and customs, as opposed to statutes or written legislation.