The Change in Total Utility That Results from a One-Unit

question 111

Multiple Choice

The change in total utility that results from a one-unit increase in the quantity of a good consumed is

• A)additional utility.
• B)marginal utility.
• C)average utility.
• D)marginal utility per dollar.
• E)fractional utility.

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Definitions:

Indefinite Time Period

A duration without a specific end date, often applied in contracts or employment terms.

Security Deposits

Funds held by a landlord or lender as a guarantee against damage or non-payment, to be returned or applied to future payments if conditions are met.

Federal Law

Legislation passed by the United States Congress that applies throughout the country, overriding state laws when there is a conflict.

Fair Housing Act

U.S. federal law that prohibits discrimination in the buying, selling, renting, or financing of housing based on race, religion, national origin, sex, disability, and family status.