Multiple Choice
The change in total utility derived when a customer consumes one more unit of a good or service is called
A) total utility.
B) marginal utility.
C) average utility.
D) final utility.
Correct Answer:

Verified
Correct Answer:
Verified
Q162: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5013/.jpg" alt=" -Refer to the
Q163: The price of hamburgers is $2 and
Q165: Regretting a last unit of consumption of
Q166: The price of good "a" is $5
Q168: The law of diminishing marginal utility implies
Q171: Dave is undecided about whether to eat
Q275: An indifference map shows<br>A) that money income
Q283: A representative unit that measures the want-satisfying
Q288: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q326: Along an indifference curve<br>A) every combination of