(Figure: Utility Table A) Price = $5
In the table, what is the marginal utility per dollar for five 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) 4.8
B) 16.8
C) 21.6
D) 28.8

Question

(Figure: Utility Table A) Price = $5
In the table, what is the marginal utility per dollar for five 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) 4.8
B) 16.8
C) 21.6
D) 28.8

Quizplus · Accepted Answer

The marginal utility (MU) for five units is 24. To find the marginal utility per dollar, divide the MU by the price: $24 \div 5 = 4.8$.

(Figure: Utility Table A) Price = $5 in the Table

(Figure: Utility Table A) Price = $5
in the Table