(Figure: Utility Table 0) Using the information in the table above, what is the missing value at point d?
$\begin{array}{|l|l|l|}
\hline \mathbf{Q} & \mathrm{TU} & \mathrm{MU} \
\hline 0 & 0 & 0 \
\hline 1 & 12 & b \
\hline 2 & 20 & c \
\hline 3 & d & 2 \
\hline 4 & e & 1 \
\hline
\end{array}$
A) 9
B) 22
C) 30
D) 32

Question

(Figure: Utility Table 0) Using the information in the table above, what is the missing value at point d?
 $\begin{array}{|l|l|l|}
\hline \mathbf{Q} & \mathrm{TU} & \mathrm{MU} \
\hline 0 & 0 & 0 \
\hline 1 & 12 & b \
\hline 2 & 20 & c \
\hline 3 & d & 2 \
\hline 4 & e & 1 \
\hline
\end{array}$
A) 9
B) 22
C) 30
D) 32

Quizplus · Accepted Answer

The missing value at point d (Total Utility for Q=3) can be found by understanding that Marginal Utility (MU) represents the change in Total Utility (TU) from consuming one more unit. From Q=2 to Q=3, the MU is 2, meaning the TU at Q=3 (point d) is the TU at Q=2 plus 2. Since TU at Q=2 is 20, adding 2 gives us 22.

(Figure: Utility Table 0) Using the Information in the Table