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Author Question: Marginal utility is defined as the a. average amount of satisfaction gained from consuming a ... (Read 87 times)

dollx

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on: Jul 1, 2018
Marginal utility is defined as the
 a. average amount of satisfaction gained from consuming a product
  b. total amount of satisfaction gained from consuming a product
  c. additional satisfaction gained from consuming one more unit of a product
  d. total amount of satisfaction gained from consuming a product divided by the number of units consumed
  e. total amount of satisfaction gained from consuming a product times the number of units consumed

Question 2

Total utility can be calculated as the
 a. sum of all marginal utilities
  b. price paid for one unit of a good
  c. product of all marginal utilities
  d. total expenditure on all units of a good the consumer buys
  e. difference between the marginal utilities of the first and last units of a good


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cascooper22

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


dollx

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Alyson.hiatt@yahoo.com

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Reply 3 on: Yesterday
Excellent

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