Marginal Utility Is _____

question 164

Multiple Choice

Marginal utility is _____

• A)the total satisfaction derived from consuming a given amount of a product.
• B)the addition to total satisfaction resulting from an additional unit of consumption.
• C)the difference in the total satisfaction derived from the consumption of any two products.
• D)the cost of consuming one more unit of a good.
• E)the average satisfaction per unit of consumption.

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Definitions:

Night

The period of darkness between sunset and sunrise when the sun is below the horizon, characterized by reduced visibility and typically considered a time for rest.

Center of the Eye

Refers to the pupil, the circular, black-looking opening in the iris that regulates the amount of light that enters the eye.

Optic Nerve

A cranial nerve that transmits visual information from the retina to the brain.

Ganglion Cells

Type of neurons located in the retina of the eye that receive visual information from photoreceptors and transmit it to the brain via the optic nerve.