Multiple Choice
The consumption of an additional unit of a good provides additional satisfaction, which is called:
A) total benefit.
B) marginal social benefit.
C) average utility.
D) marginal utility.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q117: Steve is currently maximizing utility by consuming
Q118: Refer to the graph shown. Given this
Q119: An assumption of economists' standard theory of
Q120: John is maximizing utility when consuming two
Q121: Which of the following is an example
Q123: According to the principle of rational choice,
Q124: Refer to the following figure. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7145/.jpg"
Q125: As a consumer moves along an indifference
Q126: Popeye cannot eat enough free spinach. With
Q127: Which of the following is an example