Figure 10-10 
-Refer to Figure 10-10. "The social cost of the last unit produced exceeds the value to buyers of the last unit produced by $3." This statement is correct at which quantity of output?
Definitions:
Marginal Utility
The extra pleasure or benefit gained by a consumer from consuming an additional unit of a good or service.
Utility Schedule
A table or graph that shows the satisfaction or utility a consumer derives from consuming different quantities of a good or service.
Total Utility
The overall satisfaction or enjoyment a person gets from consuming a certain quantity of goods or services.
Marginal Utility
The boost in contentment or usefulness someone achieves from consuming an additional item of a good or service.
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