Author Question: Marginal utility is the a. overall satisfaction obtained from consuming a good b. additional ... (Read 366 times)

09madisonrousseau09

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Marginal utility is the
 a. overall satisfaction obtained from consuming a good
  b. additional satisfaction obtained from consuming one more unit of a good
  c. average satisfaction obtained from consuming a good
  d. the change in satisfaction obtained from consuming 1 percent more of a good
  e. additional cost of one more unit of a good

Question 2

Utility is determined by an individual's
 a. income
  b. price
  c. relative price
  d. profit
  e. tastes and preferences



Ptupou85

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Answer to Question 1

B

Answer to Question 2

E



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