Question: Explain how marginal utility differs from total utility. Marginal utility is the satisfaction multiple choice 1 you get from consuming the first unit of a
Explain how marginal utility differs from total utility.
Marginal utility is the satisfaction
multiple choice
you get from consuming the first unit of a good.
you have gotten from all that you have consumed divided by the quantity.
you get from consuming an additional unit of a good over and above what you've already consumed.
you'll get from consuming all the goods you've consumed so far plus all the goods you plan to consume in the future.
Total utility is the satisfaction
multiple choice
you've gotten from consuming all the goods you've consumed so far.
you get from consuming the first unit of a good.
you'll get from consuming all the goods you've consumed so far plus all the goods you plan to consume in the future.
you get from consuming an additional unit of a good over and above what you've already consumed.
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