Multiple Choice
Marginal utility is the change in total utility that results from which of the following?
A) an increase in the price of a good
B) a one-unit change in the quantity of a good consumed
C) a decrease in the price of a good
D) a change in the budget line
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q16: A cost that spills over onto individuals
Q85: If firms were required to pay the
Q86: Graphically, how is consumer surplus measured?<br>A) by
Q87: Which of the following would lead to
Q88: The schedule below represents the willingness of
Q89: Why is national defence commonly provided by
Q91: What are public goods?<br>A) those that are
Q93: In the absence of government action, why
Q94: What are costs that accrue to the
Q199: A public good or service can be