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Q: 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
A: 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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The measure of responsiveness relating a change in quantity demanded to a change in the price of an item is known as ________. a. demand elasticity b. supply elasticity c. unit elasticity d. proportional elasticity
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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Expert Answered
Updated 319 days ago|1/30/2017 3:06:04 PM
1 Answer/Comment
A product that has few substitutes tends to be elastic.
Added 319 days ago|1/30/2017 3:06:04 PM
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