Determine the Specified Calculation $2.462$ B) $0.757$ C) $1.32$ D) $0.406$

question 8

Multiple Choice

Determine the specified calculation.
-

• A)\(2.462\)
• B) \(0.757\)
• C) \(1.32\)
• D) \(0.406\)

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Definitions:

Total Utility

The total satisfaction received from consuming a given total quantity of a good or service.

Marginal Utility

The change in satisfaction or benefit derived from consuming an additional unit of a good or service.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

Diminishing Marginal Utility

The decrease in satisfaction or usefulness obtained from each additional unit of consumption.