Marginal Utility Measures the

question 34

Multiple Choice

Marginal utility measures the

• A) total utility from consumption.
• B) additional utility from an additional unit of consumption.
• C) average utility from an additional unit of consumption.
• D) additional cost of an additional unit of consumption.

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Definitions:

Terms of Sale

The conditions under which a seller will complete a sale, typically covering payment terms, delivery times, and warranties.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Credit Extension

The act of lending additional credit to borrowers or the period for which the credit is extended.

Receivables Financing

A form of financing where a company uses its accounts receivable as collateral to obtain a loan or advance, improving cash flow.