Asked by
Rebecca McCown
on Oct 27, 2024
Verified
The marginal utility of eating sweet potatoes is the:
A) change in total utility from consuming an additional serving.
B) total utility divided by the number of servings consumed.
C) change in total utility divided by the number of servings consumed.
D) total utility divided by the change in the number of servings consumed.
Marginal Utility
The change in total utility a consumer experiences from consuming one additional unit of a good or service.
Total Utility
The complete pleasure derived from the consumption of a specific amount of products or services.
Consumption
The utilization of products and services by families.
- Acquire knowledge on the notion of marginal utility and how it influences consumer selections.
Verified Answer
YB
Learning Objectives
- Acquire knowledge on the notion of marginal utility and how it influences consumer selections.