Erika's utility with $3,000 of wealth is 6,000 and her utility with $3,001 of wealth is 6,005. Her marginal utility from gaining the additional $1 of wealth is
A) 6,005.
B) 3,001.
C) 6,000.
D) 5.

Name: Erika's utility with $3,000 of wealth is 6,000 and her utility with $3,001 of wealth is 6,005. Her marginal utility from gaining the additional $1 of wealth is A) 6,005. B) 3,001. C) 6,000. D) 5.
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Quizplus · Accepted Answer

The marginal utility is the change in utility from an additional unit of wealth, which is 6,005 - 6,000 = 5.

Erika's Utility with $3,000 of Wealth Is 6,000 and Her