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12 July, 12:42

g Marginal utility is the extra satisfaction derived from consuming an additional unit of a good. the total satisfaction derived from consuming an additional unit of a good. the total satisfaction derived from consuming a good.

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  1. 12 July, 13:04
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    The correct answer is letter "A": consuming an additional unit of a good.

    Explanation:

    Utility represents the satisfaction perceived by an individual while consuming a good or service. Marginal utility reflects the satisfaction the individual perceives by consuming one more unit of the same good or service. Total utility represents the aggregate satisfaction of consuming a given product.

    In all cases, the concept of utility assumes consumers make rational decisions to maximize the benefits they perceive and that the products consumed have a stable price.
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