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From course:

Microeconomic MCQ 1

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Question:

2. Marginal utility is defined as the A) additional utility gained by consuming an extra unit of a good. B) total utility from all units consumed of a good. C) average utility gained by consuming an average amount of the good. D) total utility gained by consuming an extra unit of a good. E) change in quantity divided by the change in utility.

Author: Gonza R



Answer:

A) additional utility gained by consuming an extra unit of a good.


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Gonza R
Gonza R