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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.6
Unit 1 – Basic Economic Concepts
1.6 Marginal Analysis and Consumer Choice
mixed difficulty
Which of the following best describes utility in economics?
The opportunity cost of consuming a particular good or service.
Satisfaction or the level of usefulness derived from consuming goods and services.
The economic principle that states "more is always better."
The total amount of money an individual spends on goods and services.
Study guides (1)
AP Microeconomics - 1.6 Marginal Analysis and Consumer Choice
Key terms
Utility
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