contestada

marginal utility is a. the change in the amount of a good consumed that increases total utility by one unit. b. the change in utility that results from increasing the amount of a good consumed by one unit. c. the relative value of two goods when a utility-maximizing decision has been made. d. the utility obtained from the consumption of all but the last unit of a good.

Respuesta :

Marginal utility is the change in utility that results from increasing the amount of a good consumed by one unit. (option b)

What is marginal utility?

Utility is the total satisfaction a consumer dervies from consuming a good or service. Marginal utility is the additional satisfaction received from consuming an additional unit of a good or service. Marginal utility is the additional utility derived from consuming one more unit of a good.

Economic theory postulates that utility is maximised at the point where marginal utility is equal to the price of the good. The consumption decision is to consume more units of a good that gives the higher utility per good.

To learn more about marginal utility, please check: https://brainly.com/question/14149928

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