Author Question: _____ is the change in total utility that occurs because one more unit of a good is consumed or ... (Read 63 times)

tiffannnnyyyyyy · **on:** Jun 30, 2018

_____ is the change in total utility that occurs because one more unit of a good is consumed or acquired.
a. Total utility
b. Marginal utility
c. Disutility
d. Diminishing marginal utility
e. Expected utility

Question 2

The change in total cost resulting from a one-unit increase in production is called:
a. average fixed cost.
b. average variable cost.
c. marginal cost.
d. marginal revenue.