Marginal utility is the change in total utility obtained by consuming one more unit of a good. B) change in total utility obtained by consuming another unit of a good divided by the change in the price of that good. C) sensitivity of consumer purchases of a good to changes in the price of that good. D) total utility associated with the consumption of a certain number of units of a good divided by the number of units consumed.
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Marginal utility is the change in total utility obtained by consuming one more unit of a good. B) change in total utility obtained by ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Marginal utility is the change in total utility obtained by consuming one more unit of a good. B) change in total utility obtained by consuming another unit of a good divided by the change in the price of that good.