Multiple Choice
The marginal utility of a unit of good Y to Jane is
A) the additional utility that Jane gets from consuming one more unit of Y.
B) defined in money terms as the minimum amount Jane is willing to pay for that additional unit of Y.
C) defined in money terms as the maximum amount Jane is willing to pay for all the Y she buys except that additional unit.
D) All of the responses are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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