Bobby is buying slices of pizza and place a value of his utility of the first slice at $5; a second slice at $4, and a third slice at $2.If Bobby eats three slices of pizza for lunch, his total utility is equal to
A)$5 less what he had to pay.
B)$2, since that's the marginal utility of the last slice.
C)the marginal utility of the third slice.
D)$11.

Question

Quizplus · Accepted Answer

To calculate Bobby's total utility, we simply add up the utility of each slice of pizza. 
Total utility = $5 + $4 + $2 = $11. So, the correct answer is D, $11.

Bobby Is Buying Slices of Pizza and Place a Value