Question

Marginal utility is:

a. the change in a consumer's utility resulting from the addition of a very small amount of some good.
b. the total utility a resulting from consuming some good, divided by the amount consumed.
c. the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the amount added.
d. the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the total amount being consumed.

Answer 1

Option D

Step-by-step explanation:

A marginal utility is usually how much of a product a consumer is willing to buy. In order to calculate the marginal utility you have to divide the change in total utility by the change in the amount of the product consumers take. Which means your answer is "the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the total amount being consumed."

Hope this helps.