Which of the Following Defines Marginal Utility

question 128

Multiple Choice

Which of the following defines marginal utility?

• A)the change in total utility divided by the price of a product
• B)the maximum amount of satisfaction from consuming a product
• C)the total satisfaction derived from a certain amount of the product
• D)the additional satisfaction from consuming one more unit of a product

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Definitions:

Reinforced Behavior

Reinforced behavior refers to actions that are strengthened and more likely to be repeated due to positive or negative reinforcements, such as rewards or avoidance of adverse outcomes.

Social Mechanisms

Processes and structures within society that contribute to particular social outcomes, influencing how societal norms and interactions occur.

Gender Distinctions

Socially and culturally constructed differences between males and females, often based on attributes, roles, and expectations.

Interactional

Pertaining to or involving interaction between individuals or entities.