Table 7.3
-Refer to Table 7.3.For the consumer whose preferences are depicted,the marginal utility of the fifth movie is:
A)zero.
B)12.
C)3.
D)6.

Question

Table 7.3
-Refer to Table 7.3.For the consumer whose preferences are depicted,the marginal utility of the fifth movie is:
A)zero. 
B)12. 
C)3. 
D)6.

Quizplus · Accepted Answer

The marginal utility of the first movie is 10, the second is 8, the third is 6, the fourth is 4, and the fifth is 3. The marginal utility of the sixth movie is zero. The consumer should choose to see the fifth movie because it has the highest marginal utility among the remaining options (the sixth movie has a zero marginal utility).

Table 7.3 -Refer to Table 7.3.For the Consumer Whose Preferences Are Depicted,the