Table-Demand and Utility Table for action figures $$\begin{array} { | c | c | c | c | }
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 14 & 1 & & \
\hline \$ 12 & 2 & & \
\hline \$ 10 & 3 & & \
\hline \$ 8 & 4 & & \
\hline \$ 6 & 5 & & \
\hline
\end{array}$$
-The marginal utility of his third action figure would be
A)$10.
B)$12.
C)$14.
D)$36.

Question

Table-Demand and Utility Table for action figures $$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 14 & 1 & & \
\hline \$ 12 & 2 & & \
\hline \$ 10 & 3 & & \
\hline \$ 8 & 4 & & \
\hline \$ 6 & 5 & & \
\hline
\end{array}$$
-The marginal utility of his third action figure would be
A)$10.
B)$12.
C)$14.
D)$36.

Quizplus · Accepted Answer

The marginal utility is the additional utility gained from consuming one more unit. At a price of $10, the third action figure is purchased, so the marginal utility is $10.

Table-Demand and Utility Table for Action Figures -The Marginal Utility of His Third Action Figure Would Be