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Marginal utility is the extra usefulness or satisfaction a person gets from acquiring or using one more unit of a product. Please select the best answer from the choices provided T F
Marginal utility is the extra usefulness or satisfaction a person gets from acquiring or using one more unit of a product.This is TRUE
Expert answered|yumdrea|Points 952|
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Asked 8/22/2013 12:43:01 PM
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Elasticity is the percentage change in quantity divided by the percentage change in _______. a. incomes. c. preferences. b. price. d. demand
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Updated 12/15/2014 7:01:42 AM
1 Answer/Comment
Elasticity is the percentage change in quantity divided by the percentage change in price .




Added 12/15/2014 7:01:42 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by yumdrea [12/16/2014 6:13:24 PM]
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Weegy: The measure of responsiveness relating a change in quantity demanded to a change in the price of an item is known as demand elasticity. User: A product that has few substitutes tends to be: a. elastic c. unit elastic b. inelastic d. a complimentary good (More)
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Updated 25 days ago|1/30/2017 3:06:04 PM
1 Answer/Comment
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Added 25 days ago|1/30/2017 3:06:04 PM
This answer has been confirmed as correct, not copied, and helpful.
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