Author Question: Marginal utility is the A) usefulness of a product. B) utility that a person receives from the ... (Read 69 times)

haleyc112 · **on:** Jun 29, 2018

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.