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Which of the Following Is the CORRECT Relationship? _____ on _____

question 23

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Which of the following is the CORRECT relationship? _____ on _____ recognize _____ on _____.


Definitions:

Marginal Utility

is the additional satisfaction or benefit a consumer derives from consuming one more unit of a good or service.

Total Utility

The total satisfaction or benefit a person derives from consuming a certain quantity of goods or services.

Consumer Derives

The satisfaction or utility that a consumer obtains from purchasing and using goods or services.

Satisfaction

The fulfilment of one's needs or desires through the consumption of goods or services, often used as a measure of consumer contentment with a product.

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