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Laura Rebecca
on Oct 25, 2024

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Using calculus, we measure marginal utility as the utility change that results from:

A) a very small increase in consumption.
B) a very large increase in consumption.
C) an average increase in consumption.
D) anything other than changes in consumption.

Marginal Utility

The increase in happiness or usefulness experienced by an individual upon consuming an extra unit of a particular good or service.

Calculus

A branch of mathematics that deals with the study of change and motion, using derivatives and integrals as fundamental tools.

Consumption Increase

An economic scenario where there is a rise in the amount of goods and services consumed by individuals or households over a period.

  • Comprehend the use of principles of maximizing utility in analyzing consumer behavior.
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Junnise BarrosoOct 31, 2024
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