The amount by which an additional unit of a good or service increases a consumer's total utility is:
a. marginal bliss.
b. marginal benefit.
c. marginal utility.
d. marginal.
c
Economics
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What is the difference between a positive and a negative relationship?
What will be an ideal response?
Economics
An advantage of settling disputes via arbitration rather than court cases is that:
a. the risk of an incorrect decision in the former case is negligible. b. the former is inexpensive and binding. c. the former is more likely to grant a lenient decision. d. the former may be more knowledgeable than an uninformed jury.
Economics