subject
Business, 24.03.2020 17:35 ryleepretty

What is the difference between total utility and marginal utility? A. Marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit. B. Total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. C. Total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. D. Marginal utility is subject to the law of diminishing marginal utility while total utility is not.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 17:20
Arecession is defined as a period in which
Answers: 1
question
Business, 22.06.2019 21:20
Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.
Answers: 1
question
Business, 22.06.2019 23:00
How is challah bread made? if i have to dabble the recipe?
Answers: 1
question
Business, 22.06.2019 23:30
What is the difference between career options in the law enforcement pathway and career options in the correction services pathway?
Answers: 1
You know the right answer?
What is the difference between total utility and marginal utility? A. Marginal utility represents th...
Questions
question
Mathematics, 26.02.2021 07:00
question
History, 26.02.2021 07:00
question
World Languages, 26.02.2021 07:00
question
Mathematics, 26.02.2021 07:00
question
Spanish, 26.02.2021 07:00
question
Computers and Technology, 26.02.2021 07:00
Questions on the website: 13722360