Exhibit 5-3
-Exhibit 5-3 shows Alison's total utility from consuming yogurt. Which of the following is true?
A)The marginal utility of the second cup of yogurt is 1 unit of utility.
B)The marginal utility of the third cup of yogurt is 20 units of utility.
C)The marginal utility of the fourth cup of yogurt is 1 unit of utility.
D)The marginal utility of the fourth cup of yogurt is 21 units of utility.
E)The marginal utility of the first cup of yogurt is 0.

Question

Exhibit 5-3 
-Exhibit 5-3 shows Alison's total utility from consuming yogurt. Which of the following is true?
A)The marginal utility of the second cup of yogurt is 1 unit of utility. 
B)The marginal utility of the third cup of yogurt is 20 units of utility. 
C)The marginal utility of the fourth cup of yogurt is 1 unit of utility. 
D)The marginal utility of the fourth cup of yogurt is 21 units of utility. 
E)The marginal utility of the first cup of yogurt is 0.

Quizplus · Accepted Answer

Marginal utility refers to the change in total utility from consuming an additional unit of a good. Since the exhibit is not provided, the correct answer cannot be determined based on specific values. However, given the typical understanding of marginal utility, it decreases as more of a good is consumed due to the law of diminishing marginal utility. Thus, without specific values from the exhibit, a precise explanation cannot be provided. However, the choice mentioning a small increase (1 unit) for a later cup (the fourth cup) could be considered plausible if it followed a pattern of diminishing marginal utility.

Exhibit 5-3 -Exhibit 5-3 Shows Alison's Total Utility from Consuming Yogurt. Which