Quiz: Total Utility and Marginal Utility
AQA A level economics 7136 specification
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Building on your knowledge of rational decision-making and incentives, let's test your understanding of total utility and marginal utility!
What does the term 'total utility' refer to?
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Which of the following statements about marginal utility are correct? (Select all that apply)
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The {{blank0}} utility measures the satisfaction from consuming one more unit of a good, while the {{blank1}} utility measures the total satisfaction from consuming all units.
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Match the items on the left with their correct pairs on the right
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Match the items on the left with their correct pairs on the right
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What happens to marginal utility when diminishing marginal utility occurs?
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Which of these could be examples of diminishing marginal utility? (Select all that apply)
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Which principle explains why consumers stop buying a good at some point?
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