Marginal Utility Is

question 6

Multiple Choice

Marginal utility is

• A)the difference in price between one store and another.
• B)the difference in value between "some" of a thing and "none" of a thing.
• C)the difference between any two successive total utility figures.
• D)acquired only with the first few units of a good or service.
• E)utility that is barely satisfactory.

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Definitions:

Vertical Merger

The combination of two or more companies involved in different stages of the production process of the same good or service.

Marketing Chain

The marketing chain refers to the sequence of intermediaries that goods or services pass through from the producer to the final consumer.

Deregulated

The reduction or elimination of government power in a particular industry, usually enacted to encourage competition and increase efficiency.

Banking

The industry involving the holding, lending, and managing of money and financial instruments for individuals, businesses, and governments.