Total Utility Equals

question 103

Multiple Choice

Total utility equals

• A)the sum of the marginal utilities of each unit consumed.
• B)the area below the demand curve but above the market price.
• C)the slope of the marginal utility curve.
• D)the marginal utility of the last unit divided by price.
• E)the marginal utility of the last unit consumed multiplied by the total number of units consumed.

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Definitions:

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The duration of sleep an individual gets in a single night, which is significant for overall health and well-being.

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Units of time equivalent to 60 minutes, used to measure the duration of events or the length of time allocated for activities.

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