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:

Mentor

An experienced and trusted advisor who guides and advises another individual's development or career.

Advice

Guidance or recommendations offered regarding prudent future action, typically based on knowledge and experience.

AR

Augmented Reality (AR) refers to an interactive experience of a real-world environment where the objects that reside in the real world are enhanced by computer-generated perceptual information.

VR

Virtual Reality, a computer-generated simulation of a three-dimensional environment that can be interacted with in a seemingly real or physical way through specialized equipment.