The Amount by Which an Additional Unit of a Good

question 112

Multiple Choice

The amount by which an additional unit of a good or service increases a consumer's total utility, all other things unchanged, is:

• A) marginal utility.
• B) maximum utility.
• C) average utility.
• D) required utility.

---

Definitions:

Poverty

A state where an individual or group lacks the financial resources and essentials for a minimum standard of living.

Physical Well-being

A state of health and physical fitness, including the absence of disease, functional fitness, and the ability to perform daily activities.

Intravenous Drug Use

The act of administering substances directly into a vein, often associated with the consumption of illicit drugs.

Sub-Saharan Africa

Sub-Saharan Africa is the area of the African continent located south of the Sahara Desert, characterized by its diverse cultures, languages, and geographic features.