-The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is $1.50, Cathy's marginal utility per dollar from the 4th Mt. Dew is ________ units per dollar.
A) 15
B) 10
C) 82.5
D) 22.5

Question

-The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is $1.50, Cathy's marginal utility per dollar from the 4th Mt. Dew is ________ units per dollar.
A) 15 
B) 10 
C) 82.5 
D) 22.5

Quizplus · Accepted Answer

Marginal utility per dollar is calculated by dividing the marginal utility of the 4th Mt. Dew by its price. If the marginal utility of the 4th Mt. Dew is 15 units, then 15 / 1.50 = 10 units per dollar.

-The Table Above Gives Cathy's Total Utility from Mt