Multiple Choice
What is marginal utility?
A) The change in total utility divided by the price of a good.
B) The maximum amount of satisfaction from consuming a good.
C) The total satisfaction received from consuming as much of the good that is available for consumption.
D) The additional satisfaction received from consuming one more unit of a good.
E) The change in the price of a good divided by the change in total utility.
Correct Answer:
Verified
Correct Answer:
Verified
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