Marginal Utility Is the

question 39

Multiple Choice

Marginal utility is the

• A)total satisfaction received from consuming a given number of units of a product.
• B)average satisfaction received from consuming a product.
• C)extra satisfaction received from consuming one more unit of a product.
• D)satisfaction achieved when a consumer has had enough of a product.

---

Definitions:

Sociological Research Method

A structured process of inquiry that uses various methods, including surveys, interviews, and observation, to investigate social phenomena and relationships.

Participant Observation

A qualitative research method where the researcher actively engages in the community or group being studied to gather insights and understand social dynamics.

Existing Statistics

Pre-collected numerical data that represents information or inputs on a variety of topics within a society or specific field of study.

Experiments

Methodical trials or tests carried out under controlled conditions to investigate hypotheses, observe effects, and establish causation in scientific studies.