Marginal utility is defined as the

a. average amount of satisfaction gained from consuming a product
b. total amount of satisfaction gained from consuming a product
c. additional satisfaction gained from consuming one more unit of a product
d. total amount of satisfaction gained from consuming a product divided by the number of units consumed
e. total amount of satisfaction gained from consuming a product times the number of units consumed

C

Economics

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An optimizing economic agent will use the ________ rate while calculating the economic cost of a loan

A) exchange B) nominal interest C) real interest D) tax

Economics

Define economic income. Give at least three examples

What will be an ideal response?

Economics