Marginal Utility Is Measured By

question 183

Multiple Choice

Marginal utility is measured by:

• A) a ray from the origin to a point on the total utility curve.
• B) the change in total utility for a 1-unit change in the quantity consumed.
• C) total utility divided by total quantity consumed.
• D) the first utility minus the last utility.
• E) average utility multiplied by the total quantity consumed.

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Definitions:

Phobic Disorder

A type of anxiety disorder characterized by an irrational and excessive fear of specific objects, activities, or situations.

Anhedonia

A condition characterized by the inability to experience pleasure from activities usually found enjoyable.

Cyclothymia

A mood disorder characterized by periods of mild depression and periods of hypomania, which are less severe than those in bipolar disorder.

Pleasurable

Describing an experience or sensation that is enjoyable and brings happiness or satisfaction.