2286EconomicsMedium
The marginal utility of a good refers to the:
AUtility associated with consuming an alternative good
BConsumer surplus associated with the consumption of an alternative good
CTotal utility of the good for consumption of the last unit
DExtra utility associated with consuming another unit of the good
Correct answer
D. Extra utility associated with consuming another unit of the good
Explanation
Marginal utility is the additional satisfaction gained from consuming one more unit of a good.