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:

Regression

A statistical method used for estimating the relationships among variables, often used for prediction and forecasting.

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A loose aggregation of rock fragments, pebbles, and small stones, often used in construction and as a surface material for roads and driveways.