Multiple Choice
Marginal utility is
A) the utility received from consuming one unit of a good.
B) the change in total utility due to a one-unit change in the quantity of a good consumed.
C) the total utility received from consuming a certain quantity of a good divided by the quantity.
D) the utility received by the last consumer of a good.
Correct Answer:
Verified
Correct Answer:
Verified
Q36: The marginal utility of good X is
Q37: Along a given indifference curve, a consumer
Q38: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q39: Suppose that the quantity of hamburgers is
Q40: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q42: According to the substitution effect, if the
Q43: What is marginal utility? Why is the
Q44: A consumer's optimum is found when<br>A) prices
Q45: If your guest is serious when he
Q46: If a consumer is at an optimum,