Marginal Utility Is the

question 251

Multiple Choice

Marginal utility is the

• A) change in total utility that results from a one-unit increase in the quantity of a good consumed.
• B) total benefit from the consumption of a good or service.
• C) quantity of a good a consumer prefers.
• D) average utility per unit consumed.
• E) change in total utility that results from a one dollar increase in the price of a good consumed.