Asked by Mayrelis Padron on Jul 28, 2024
Verified
Marginal utility can be
A) positive, but not negative.
B) positive or negative, but not zero.
C) positive, negative, or zero.
D) decreasing, but not negative.
Marginal Utility
Marginal utility refers to the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.
Positive
In the context of economics, it can refer to positive statements that are objective and can be tested by looking at the facts.
Negative
Refers to amounts, values, or directions less than zero, often indicating deficit or loss in financial and scientific contexts.
- Determine variations in consumer satisfaction as additional units are consumed.
Verified Answer
IH
Ida Helen Vasili-PajoJul 29, 2024
Final Answer :
C
Explanation :
Marginal utility represents the additional satisfaction a consumer gets from consuming one more unit of a good or service. It can be positive if the additional unit increases total satisfaction, negative if it decreases total satisfaction, or zero if it does not change total satisfaction.
Learning Objectives
- Determine variations in consumer satisfaction as additional units are consumed.