-The above table gives the total utility that Homer obtains from consuming various quantities of chocolate chip cookies. The marginal utility from the fifth pound of cookies is
A) 1.
B) 2.
C) 3.
D) 15.

Question

-The above table gives the total utility that Homer obtains from consuming various quantities of chocolate chip cookies. The marginal utility from the fifth pound of cookies is
A) 1. 
B) 2. 
C) 3. 
D) 15.

Quizplus · Accepted Answer

The marginal utility from the fifth pound of cookies is the difference in total utility between consuming 5 pounds and 4 pounds of cookies. From the table, we can see that the total utility from consuming 5 pounds of cookies is 15 and the total utility from consuming 4 pounds of cookies is 12. Therefore, the marginal utility from the fifth pound of cookies is 15 - 12 = 3.

-The Above Table Gives the Total Utility That Homer Obtains