What Is a Discrete Variable? Give an Example

question 51

Short Answer

What is a discrete variable? Give an example.

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Definitions:

Marginal Utility

The additional satisfaction or benefit received from consuming one more unit of a good or service.

Marginal Utility

The extra utility or satisfaction that someone attains from the consumption of one more unit of a product or service.

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.