Marginal Utility Is the

question 165

Multiple Choice

Marginal utility is the

• A)sensitivity of consumer purchases of a good to changes in the price of that good.
• B)change in total utility obtained by consuming one more unit of a good.
• C)change in total utility obtained by consuming another unit of a good divided by the change in the price of that good.
• D)total utility associated with the consumption of a certain number of units of a good divided by the number of units consumed.