-Refer to Figure 7.1.The marginal utility of the second movie rental is
A) 10.
B) 12.5.
C) 25.
D) 40.

Question

-Refer to Figure 7.1.The marginal utility of the second movie rental is
A) 10. 
B) 12.5. 
C) 25. 
D) 40.

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service. In this case, the marginal utility of the second movie rental is the difference in utility between the first and second rentals. Without the specific details from Figure 7.1, the correct answer cannot be determined from the provided options. However, based on the choices given, if the answer is A) 10, it suggests that the utility gained from the second movie rental is 10 units more than the utility from the first rental or some other baseline measure of utility.