Marginal utility is the A) usefulness of a product. B) ...

[haleyc112]

Marginal utility is the
 
  A) usefulness of a product.
  B) utility that a person receives from the consumption of goods and services.
  C) change in utility that results from a one-unit change in the quantity of a good consumed.
  D) change in utility that results from a one-unit change in the price of a good consumed.

Question 2

The data in the above figure indicate that the economy will be in a long-run macroeconomic equilibrium at a price level of
 
  A) 140.
  B) 130.
  C) 100.
  D) 120.

[Animal_Goddess]

Answer to Question 1

C

Answer to Question 2

D

[haleyc112]

Thanks for the timely response, appreciate it

[LVPMS]

TYSM