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Author Question: Marginal utility is the a. overall satisfaction obtained from consuming a good b. additional ... (Read 367 times)

09madisonrousseau09

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

B

Answer to Question 2

E


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09madisonrousseau09

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Reply #2 on: Jul 1, 2018
Thank you :)


Ptupou85

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Reply #3 on: Jul 1, 2018
Happy to help you


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