The Additional Utility Gained from Consuming an Additional Unit of a Good

question 6

Multiple Choice

The additional utility gained from consuming an additional unit of a good is called:

• A)total utility.
• B)marginal utility.
• C)costly utility.
• D)a util.

---

Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, useful for planning and controlling costs.

Responsibility Reports

Financial reports that measure the performance of departments and managers within an organization, emphasizing accountability.

Investment Center

A business unit or division that is responsible for its own revenues, expenses, and assets, and is evaluated based on its return on investment.

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment relative to its cost.