The Amount of Added Utility That an Individual Derives from Consuming

question 142

Multiple Choice

The amount of added utility that an individual derives from consuming one more unit of a good or service is called:

• A) total utility.
• B) marginal utility.
• C) average utility.
• D) diminishing utility.

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Definitions:

Sources of Satisfaction

These are factors or elements within a job or work environment that contribute to an employee's job satisfaction, including aspects like pay, work-life balance, recognition, and opportunities for growth.

Workplace Fatalities

Deaths that occur in the course of employment, often due to accidents or occupational hazards.

Business Services

Services that support businesses in various fields, including marketing, management, maintenance, and logistics.

Retail Trade

Retail trade refers to the sale of goods and services to consumers for personal or household consumption through various channels.