Marginal Utility Is Defined As

question 71

Multiple Choice

Marginal utility is defined as:

• A) the extra satisfaction the consumer receives from an extra $1 of income.
• B) the total level of satisfaction a consumer receives upon the consumption of a certain number of goods.
• C) the number of hours a consumer would be willing to work to receive a certain product.
• D) the extra satisfaction a person derives from consuming an additional unit of a good.
• E) a comparison of the utility a good provides with the price of that good.

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Definitions:

Consultant

A professional who provides expert advice in a particular area or field of expertise.

Stretcher

A portable bed or frame used for transporting patients in need of medical care, especially in emergency situations.

Avoids Looking

A behavior where an individual intentionally avoids eye contact or direct visual engagement, potentially indicating discomfort, disinterest, or social anxiety.

Continuous Staring

The act of looking intently at something or someone for an extended period without breaks, often considered rude or indicative of curiosity or fixation.