Marginal Utility Is the

question 120

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)the change in satisfaction obtained from consuming 1 percent more of a good
• E)additional cost of one more unit of a good

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Definitions:

Liquidity

The ease with which an asset can be converted into cash without affecting its market price.

Founder

An individual who establishes and builds an organization or a company from the ground up.

Public Company

A corporation whose shares are publicly traded on stock exchanges, allowing for widespread ownership among general investors.

Advantages

Competitive benefits or strengths that a business has over its competitors, which can be leveraged for success.