The Change in Total Utility Due to a 1-Unit Change

question 48

Multiple Choice

The change in total utility due to a 1-unit change in the quantity consumed is:

• A) marginal utility.
• B) average utility.
• C) per capita utility.
• D) total utility.
• E) the principle of diminishing marginal utility.

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Definitions:

Affiliate Dividends

Affiliate dividends refer to the distribution of earnings paid to shareholders of a subsidiary or an affiliate company.

Outstanding Shares

The total number of shares of a corporation that have been issued and are currently held by investors, including public shareholders and company officers.

Dividends Paid

The portion of a company's earnings that is distributed to its shareholders as a return on their investment.

Investment Account

An account held at a financial institution which allows an individual to deposit funds and make investments in securities and other assets.