Paper 2 · utility

Marginal utility is the

Autility a consumer derives from a particular good.

Bchange in total utility when the consumer buys extra units of a good.

Cchange in total utility resulting from adding one unit to the consumer's stock of a good.

Dchange in total utility resulting from a change in the price of a good.

Explanation:

MU = \frac{\Delta TU}{\Delta Q}

— it is the change in total utility from adding one unit to the consumer's stock.

ZIMSEC Economics Paper 2, November 2010, Q9

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