What Is Marginal Utility

question 58

Multiple Choice

What is marginal utility?

• A)The change in total utility divided by the price of a good.
• B)The maximum amount of satisfaction from consuming a good.
• C)The total satisfaction received from consuming as much of the good that is available for consumption.
• D)The additional satisfaction received from consuming one more unit of a good.
• E)The change in the price of a good divided by the change in total utility.

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Definitions:

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The political system of the United States, consisting of the Executive, Legislative, and Judicial branches at both federal and state levels.

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A term referring to the judiciary, suggesting that compared to the executive and legislative branches, it has the least capacity to threaten democracy or abuse power.

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The party who brings a lawsuit or legal action against another (the defendant) in a court of law, claiming to have incurred loss or damage.

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A body of laws pertaining to crimes and punishment, involving regulations that define conduct prohibited by the government because it threatens and harms public safety and welfare.