What Is the Amount of Additional Utility Derived from the Consumption

question 144

Multiple Choice

What is the amount of additional utility derived from the consumption of an extra unit of a product called?

• A)Marginal utility.
• B)Optimal utility.
• C)Marginal demand.
• D)Optimal demand.

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Definitions:

Tautology

A statement that is true by necessity or by virtue of its logical form, often repeating the same idea in different words.

Disjunct

An individual element or statement within a disjunction, where the truth of any one element makes the disjunction true.

Disjunction

An operation in logic that results in true if one or more of the inputs are true.

Tautology

A statement in logic that is true in every possible interpretation or a redundant statement that doesn't provide additional information.