Marginal Utility Is

question 80

Multiple Choice

Marginal utility is

• A) The sum of the total utility of consuming a certain amount of a good.
• B) The additional utility a consumer enjoys from the consumption of one more unit of a good.
• C) The diminishing nature of total utility.
• D) Always negative or zero.

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Definitions:

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Important

Having significant value, meaning, or influence on a situation, decision, or outcome.

Holistic Critical Thinking

An approach to critical thinking that considers the complete situation, context, or whole, rather than just its parts.

Scoring Rubric

A set of criteria and standards typically used for assessing performance on an assignment or task, guiding the evaluation process.