Marginal Utility Is Defined as the

Multiple Choice

Marginal utility is defined as the

A) extra satisfaction the consumer receives from an extra $1 of income
B) total satisfaction a consumer receives consuming goods
C) difference between total satisfaction and the extra satisfaction a consumer receives consuming a good
D) extra satisfaction a person derives from consuming an additional unit of a good
E) ratio of the utility a good provides to the price of that good, i.e., MU = U/P