Answered

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Total utility is best defined as the rev: 04_09_2018 Multiple Choice total satisfaction received from consuming a good, service, or combination of goods and services. maximum amount of satisfaction from consuming a product. change in marginal utility multiplied by the price of a product. additional satisfaction received from consuming an additional unit of a good or service.

Sagot :

Answer:

maximum amount of satisfaction from consuming a product.

Explanation:

Utility is the total satisfaction received from consuming a good, service, or combination of goods and services.

Marginal utility is the additional satisfaction received from consuming an additional unit of a good or service

Total utility can be determined by multiplying quantity consumed by utility per unit

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