Table: Demand and Utility Schedules for packs of scented candles $$\begin{array} { | c | c | c | c | }
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 8 & 1 & & \
\hline \$ 7 & 2 & & \
\hline \$ 6 & 3 & & \
\hline \$ 5 & 4 & & \
\hline \$ 4 & 5 & & \
\hline
\end{array}$$
-The additional utility from her purchase of a third scented candle would be
A)$4.
B)$5.
C)$6.
D)$15.
E)$21.

Question

Table: Demand and Utility Schedules for packs of scented candles $$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 8 & 1 & & \
\hline \$ 7 & 2 & & \
\hline \$ 6 & 3 & & \
\hline \$ 5 & 4 & & \
\hline \$ 4 & 5 & & \
\hline
\end{array}$$
-The additional utility from her purchase of a third scented candle would be
A)$4.
B)$5.
C)$6.
D)$15.
E)$21.

Quizplus · Accepted Answer

The additional utility from purchasing a third scented candle is represented by the marginal utility at the quantity of 3, which corresponds to a price of $6 in the given table. Marginal utility is the additional satisfaction or utility gained from consuming one more unit of a good.

Table: Demand and Utility Schedules for Packs of Scented Candles