Marginal Utility Is Defined As

question 66

Multiple Choice

Marginal utility is defined as:

• A) the extra satisfaction the consumer receives from an extra $1 of income.
• B) the total level of satisfaction a consumer receives upon the consumption of a certain number of goods.
• C) the number of hours a consumer would be willing to work to receive a certain product.
• D) the extra satisfaction a person derives from consuming an additional unit of a good.

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Definitions:

Consistent Results

The achievement of uniform and predictable outcomes over a period of time, demonstrating stability and reliability in performance.

Performance Appraisals

The regular review of an employee's job performance and overall contribution to a company.