Marginal utility is the: select one:

a. change in total utility obtained by consuming one more unit of a good.

b. sensitivity of consumer purchases of a good to changes in the price of that good.

c. change in total utility obtained by consuming another unit of a good divided by the change 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.

Question

Business

Madeleine Buchanan

9 March, 16:25

Marginal utility is the: select one:

a. change in total utility obtained by consuming one more unit of a good.

b. sensitivity of consumer purchases of a good to changes in the price of that good.

c. change in total utility obtained by consuming another unit of a good divided by the change 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.

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Answers (1)

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Ramiro Haney · Answer 1

Students in Mrs. Carr’s class are asked to make a prediction after reading this passage from White Fang.

But the bane of his life was Lip-lip. Larger, older, and stronger, Lip-lip had selected White Fang for his special object of persecution. White Fang fought willingly enough, but he was outclassed. His enemy was too big. Lip-lip became a nightmare to him. Whenever he ventured away from his mother, the bully was sure to appear.

Which student prediction is most reasonable?