The amount of additional satisfaction derived from an additional unit of a good or service is called:
a. total utility

b. marginal cost.
c. total cost.
d. marginal utility.

d

Economics

You might also like to view...

Which antitrust law prohibited firms from buying stock in competitors and from having directors serve on the boards of competing firms?

A) the Sherman Act B) the Robinson-Patman Act C) the Clayton Act D) the Securities and Exchange Act

Economics

Your accountant tells you that if you can continue to earn the current interest rate on your balance of $800 for the next two years you will have $898.88 in your account. If your accountant is correct, then what is the current interest rate?

a. 6 percent b. 7 percent c. 8 percent d. 9 percent

Economics