Demand and Utility Table for Milk Shakes $$\begin{array} { | c | c | c | c | }
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 4 & 1 & & \
\hline \$ 3.50 & 2 & & \
\hline \$ 3.00 & 3 & & \
\hline \$ 2.50 & 4 & & \
\hline \$ 2.00 & 5 & & \
\hline
\end{array}$$
-The marginal utility of your fourth milk shake would be
A)$13.
B)$2.50.
C)$2.00.
D)$.50.

Question

Demand and Utility Table for Milk Shakes $$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 4 & 1 & & \
\hline \$ 3.50 & 2 & & \
\hline \$ 3.00 & 3 & & \
\hline \$ 2.50 & 4 & & \
\hline \$ 2.00 & 5 & & \
\hline
\end{array}$$
-The marginal utility of your fourth milk shake would be
A)$13.
B)$2.50.
C)$2.00.
D)$.50.

Quizplus · Accepted Answer

The marginal utility of the fourth milkshake is equal to its price, which is $2.50, as per the law of diminishing marginal utility and consumer equilibrium.

Demand and Utility Table for Milk Shakes -The Marginal Utility of Your Fourth Milk Shake Would Be