Total Utility Is Defined as the

question 35

Multiple Choice

Total utility is defined as the

• A)change in marginal utility a person derives from the consumption of a good.
• B)change in total utility a person derives from the consumption of a good divided by the price of that good.
• C)change in total utility a person derives from the consumption of a good divided by the change in the consumption of that good.
• D)sum of the amounts of satisfaction a person receives from consuming a good.
• E)change in total utility a person derives from the consumption of a good.

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Definitions:

Information Technologies

The study and application of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data.

Control

The ability to influence or direct people's behavior or the course of events.

Flexibility

The ability to adapt to new, different, or changing requirements and situations in various contexts, including work, personal life, and physical abilities.

Algorithmic Management

Using algorithms’ data processing power to extract information from big data to allow managers to oversee workers in an optimized manner at a large scale.