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The amount of satisfaction per unit of the commodity consumed is called

Economics
NECO 2009
The amount of satisfaction per unit of the commodity consumed is called
  • A. average cost
  • B. average utility
  • C. marginal cost
  • D. marginal utility
  • E. total utility
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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