Marginal Utility Is the _____

question 139

Multiple Choice

Marginal utility is the _____

• A)overall satisfaction obtained from consuming a good.
• B)additional satisfaction obtained from consuming one more unit of a good.
• C)average satisfaction obtained from consuming a good.
• D)increase in satisfaction that results from reducing the consumption of a good by one percent.
• E)additional cost of purchasing one more unit of a good.

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Definitions:

Remaining Partners

The partners who continue the partnership business after one or more partners leave or are removed.

Noncash Assets

Assets owned by a business that are not in the form of cash but can potentially be converted into cash, such as inventory and equipment.

Book Value

The net value of a company's assets minus its liabilities, often used to determine a company's value should it decide to liquidate.

Partnership Assets

Assets that are owned by a partnership and used in the operation of the business.