Marginal utility can be measured by:

\frac{C h a n g e i n q u a n t i t y c o n s u m e d}{C h a n g e i n t o t a l u t i l i t y}

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\frac{C h a n g e i n t o t a l u t i l i t y}{C h a n g e i n q u a n t i t y c o n s u m e d}

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\frac{C h a n g e i n p r i c e}{C h a n g e i n q u a n t i t y c o n s u m e d}

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\frac{C h a n g e i n i n c o m e}{C h a n g e i n q u a n t i t y c o n s u m e d}

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Solution

The correct option is A $\frac{C h a n g e i n t o t a l u t i l i t y}{C h a n g e i n q u a n t i t y c o n s u m e d}$
Marginal utility is the additional utility derived from the consumption of one more unit of the given commodity. It is the addition made to the total utility by consuming one more unit of any product. It the change in total utility divided by the change in the number of units.

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Similar questions

Which of these can be referred to as ‘point of satiety’?

i) Marginal Utility is negative

ii) Marginal utility is zero

iii) Total Utility is rising

iv) Total Utility is falling

Q. The law of equi-marginal utility can be presented symbolically ___________.

Which of the can be referred to as 'Point of satiety"?
(i) Marginal Utility is negative (ii) Marginal utility is zero
(iii) Total Utility is rising (iv) Total Utility is falling

Q. Consumer equilibrium can be determined only if the law of diminishing marginal utility holds good.

Q.
Marginal utility analysis of consumer equilibrium assumes that utility can be expressed in terms of cardinal numbers which is a serious limitation of utility analysis.

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