Which of the Following Is True About Marginal Utility

question 203

Multiple Choice

Which of the following is true about marginal utility?

• A) Marginal utility is total utility divided by the total quantity consumed.
• B) Marginal utility is the change in total utility divided by the change in total quantity demanded.
• C) Marginal utility is the satisfaction that a consumer experiences from all the units of a good or service consumed.
• D) None of the above are true.

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Definitions:

Current Account

A country's transactions with the rest of the world, including goods, services, income, and current transfers.

Net Inflow

Net inflow refers to the total incoming resources or capital minus the outgoing resources or capital in a particular time period.

Current Account

A component of a country's balance of payments that includes the trade balance, net primary income, and net secondary income, reflecting the difference between a country's savings and its investment.