(Figure: Utility Table A) Price = $6
In the table, what is the marginal utility per dollar for two units?
$\begin{array}{|l|l|l|}
\hline \text { Q }&\text { TU } & \text { MU } \
\hline 1 & 108 & ? \
\hline 2 & 180 & ? \
\hline 3 & 228 & 48 \
\hline 4 & 264 & 36 \
\hline 5 & 288 & 24 \
\hline
\end{array}$
A) 12
B) 18
C) 110
D) 252

Question

(Figure: Utility Table A) Price = $6
In the table, what is the marginal utility per dollar for two units?
 $\begin{array}{|l|l|l|}
\hline \text { Q }&\text { TU } & \text { MU } \
\hline 1 & 108 & ? \
\hline 2 & 180 & ? \
\hline 3 & 228 & 48 \
\hline 4 & 264 & 36 \
\hline 5 & 288 & 24 \
\hline
\end{array}$
A) 12
B) 18
C) 110
D) 252

Quizplus · Accepted Answer

Marginal utility per dollar = Marginal utility / PriceMarginal utility for two units = 180 - 108 = 72Marginal utility per dollar for two units = 72 / 6 = 12

(Figure: Utility Table A) Price = $6 in the Table

(Figure: Utility Table A) Price = $6
in the Table