Question

Utility gained with each individual unit of a good that you purchase is called ______________. (select the best answer.) select one:

a. marginal utility
b. form utility
c. purchase utility
d. increase utility

Answer 1

Utility gained with each individual unit of a good that you purchase is called a. marginal utility

This is of high importance because marginal utilities are used to determine how many items a consumer is willing to buy.