Marginal Utility Is Defined as

question 234

Multiple Choice

Marginal utility is defined as

• A) the increase in utility divided by the total number of units consumed.
• B) the total utility divided by the total number of units consumed.
• C) the change in total utility divided by the change in number of units consumed.
• D) the number of units consumed divided by the total utility.

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Definitions:

Advantage

A condition or circumstance that puts one in a favorable or superior position, especially in competition or comparison contexts.

Extensive Knowledge

A broad and deep understanding and insight into a specific subject area or multiple areas.

Information Technology

The use of computers, networking, and telecommunications equipment to store, retrieve, transmit, and manipulate data.

Workplace

The physical or virtual space where employees conduct their job responsibilities and tasks.