What term describes the decrease in general satisfaction a person gets from consuming each additional unit of a product? A) Consumer Surplus B) Marginal Utility C) Marginal Cost D) Diminishing Returns

What term describes the decrease in general satisfaction a person gets from consuming each additional unit of a product? A) Consumer Surplus B) Marginal Utility C) Marginal Cost D) Diminishing Returns

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 2QFR

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Question

What term describes the decrease in general
satisfaction a person gets from consuming.
each additional unit of a product?
A) Consumer Surplus
B) Marginal Utility
C) Marginal Cost
D) Diminishing Returns

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