As Reba consumes four slices of pizza,her total utility rises from 0 to 18,to 24,to 28,and to 30,respectively.What is her marginal utility of the first slice of pizza?

Question

Quizplus · Accepted Answer

The marginal utility of the first slice of pizza is the increase in total utility from consuming the first slice. Since her total utility rises from 0 to 18 with the first slice, the marginal utility is 18.

As Reba Consumes Four Slices of Pizza,her Total Utility Rises