Essay
Which of the following best describes the amount of utility that is gained by spending an additional dollar on yogurt?
A.The average utility of yogurt divided by the price of yogurt.
B.The marginal utility of one tub of yogurt divided by the price of yogurt.
C.The total utility of a tub of yogurt divided by the price of yogurt
D.The value equal to the price of a related good.
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The marginal utility...View Answer
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Correct Answer:
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