With Respect to ____ Benefits,the Most Common Measurement Is the Monthly

question 76

Multiple Choice

With respect to ____ benefits,the most common measurement is the monthly or annual savings that will result from the use of the proposed system.

• A) intangible
• B) tangible
• C) imaginary
• D) projected

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Definitions:

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.

Total Utility

The overall satisfaction or enjoyment a person gets from consuming a certain quantity of goods or services.

Marginal Utility

The boost in contentment or usefulness someone achieves from consuming an additional item of a good or service.