Marginal utility measures A. the slope of the budget line. B. the marginal rate of substitution. C. the slope of the indifferenc

Question

jeyben [28]

3 years ago

7

Marginal utility measures A. the slope of the budget line. B. the marginal rate of substitution. C. the slope of the indifferenc

e curve. D. the additional satisfaction from consuming one more unit of a good. E. none of the above.

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1 answer:

ivolga24 [154] · Answer 1 · 2022-04-14T11:19:23+03:00

Answer:

The additional satisfaction from consuming one more unit of a good

Explanation:

Marginal utility falls as consumption increases.

The Marginal Rate of Substitution (MRS) is the rate at which consumers exchange quantities of units of one good number for another good at the same level of utility.

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