Which of the following defines marginal utility? The change in total utility div

Question

Which of the following defines marginal utility? The change in total utility divided by the price of a product The maximum amount of satisfaction from consuming a product The total satisfaction received from consuming as much of the product that is available for consumption The additional satisfaction received from consuming one more unit of a product
Which of the following defines marginal utility? The change in total utility divided by the price of a product The maximum amount of satisfaction from consuming a product The total satisfaction received from consuming as much of the product that is available for consumption The additional satisfaction received from consuming one more unit of a product
Which of the following defines marginal utility? The change in total utility divided by the price of a product The maximum amount of satisfaction from consuming a product The total satisfaction received from consuming as much of the product that is available for consumption The additional satisfaction received from consuming one more unit of a product
Which of the following defines marginal utility? The change in total utility divided by the price of a product The maximum amount of satisfaction from consuming a product The total satisfaction received from consuming as much of the product that is available for consumption The additional satisfaction received from consuming one more unit of a product
Which of the following defines marginal utility? The change in total utility divided by the price of a product The maximum amount of satisfaction from consuming a product The total satisfaction received from consuming as much of the product that is available for consumption The additional satisfaction received from consuming one more unit of a product
The change in total utility divided by the price of a product The maximum amount of satisfaction from consuming a product The total satisfaction received from consuming as much of the product that is available for consumption The additional satisfaction received from consuming one more unit of a product
The change in total utility divided by the price of a product The maximum amount of satisfaction from consuming a product The total satisfaction received from consuming as much of the product that is available for consumption The additional satisfaction received from consuming one more unit of a product

Explanation / Answer

  The change in total utility divided by the change in quantity.-correct answer

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