Marginal Utility Can Be Thought of as

question 457

Multiple Choice

Marginal utility can be thought of as

• A) the incremental change in a person's total satisfaction level from the consumption of a good.
• B) the total change in satisfaction from buying a good.
• C) the additional cost of that next good purchased.
• D) the opportunity cost of buying the next good.

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Definitions:

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Macrosystem

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Bronfenbrenner

Urie Bronfenbrenner was a developmental psychologist who founded the Ecological Systems Theory, emphasizing the importance of various environmental systems in human development.

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