The Concept of Marginal Utility

question 1

Multiple Choice

The concept of marginal utility:

• A)explains why individuals find it difficult to maximize their total utility.
• B)is the change in total utility that comes from consuming one additional unit of a good or service.
• C)can only be applied to situations in which individuals can choose among several goods or services.
• D)All of these are true.

---

Definitions:

KCN

Potassium cyanide, a compound that contains a highly toxic cyanide ion (CN-) and is used in various industrial processes and in some chemical syntheses.

DMF

Dimethylformamide; an organic compound used as a solvent with a high boiling point.

Alkyl Bromides

Organic compounds containing a bromine atom covalently bonded to an alkyl group, often used in organic synthesis and as intermediates in the production of other chemicals.

Aqueous Methanol

Methanol (CH3OH) dissolved in water, creating a solution used in various chemical processes and applications.