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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.6
What does marginal utility represent?
The average satisfaction obtained from consuming a certain quantity of a good or service.
The total satisfaction derived from consuming all units of a good or service.
The additional satisfaction gained from consuming one more unit of a good or service.
The satisfaction obtained from consuming the first unit of a good or service.
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AP Microeconomics - 1.6 Marginal Analysis and Consumer Choice
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Marginal utility
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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