What Is Marginal Utility

question 100

Multiple Choice

What is marginal utility?

• A)the change in total utility divided by the price of a good
• B)the maximum amount of satisfaction from consuming a good
• C)the total satisfaction received from consuming as much of the good that is available for consumption
• D)the additional satisfaction received from consuming one more unit of a good
• E)the change in the price of a good divided by the change in total utility

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Definitions:

Conscious Recollection

The process of intentionally remembering or recalling information from one's past.

Source Misattribution

A memory error where a person is unable to remember the source of a memory, leading to potential inaccuracies or confusions.

Experienced

Having knowledge or skill in a particular area as a result of having done something for a long time.

Heard

The act of perceiving sound by the ear. If you've heard something, you've perceived it with your auditory sense.