C-03-Q068mediumsingle_mcq
Which best describes the difference between total utility and marginal utility?
Which best describes the difference between total utility and marginal utility?
- atotal utility is the sum of all marginal utilities; marginal utility is the satisfaction from one extra unit
- btotal utility is from one extra unit; marginal utility is from all units
- ctotal utility is always negative
- dmarginal utility always equals price