Question

Marginal utility is

a.The sum of the total utility of consuming a certain amount of a good.
b.The diminishing nature of total utility.
c.Always negative or zero.
d.The change in total utility obtained by consuming one additional unit of a good or service.

Answer 1

Answer:

d.The change in total utility obtained by consuming one additional unit of a good or service.

Explanation:

Marginal utility help us to understand how our well being (measured by utility) changes when an individual consumes an additiona unit of a certain good or service.