Marginal Utility Is

question 68

Multiple Choice

Marginal utility is

• A)the change in total utility divided by the price of the last unit of a good or service consumed.
• B)the change in total utility a person receives from consuming an additional unit of a good or service.
• C)the utility from consuming a given quantity of a good or service.
• D)the decrease in total utility from consuming more and more units of a good or service.

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Definitions:

Debt to Assets Ratio

A financial ratio that indicates the percentage of a company's assets that are provided via debt.

Current Liabilities

Liabilities due within a short period, typically less than a year, that are supposed to be paid out of current assets.

Debt to Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company’s assets.

Total Liabilities

This term represents the aggregate of all debts and financial obligations owed by an entity to outside parties at any given point in time.