Multiple Choice
The amount by which total utility increases when an additional unit of a good is consumed is called ________ utility.
A) average
B) additional
C) maximum
D) marginal
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q67: When there is a difference between the
Q68: The theory of consumer choice, generally, examines
Q69: Michael Kawamura, a careful maximizer of utility,
Q70: Which of the following statements is false?<br>A)
Q71: If consumer income, preferences, and the prices
Q73: Economists assume that consumers behave in a
Q74: In terms of indifference curves, an increase
Q75: John Smedley, a careful maximizer of utility,
Q76: Discuss in some detail how a consumer
Q77: When supply and demand are in equilibrium,