The total utility from consuming different amounts of Good A is as follows.

-The marginal utility of the third unit consumed is:
A) 500 points.
B) 666 points.
C) 1750 points.
D) 2000 points.

Question

The total utility from consuming different amounts of Good A is as follows.
 
-The marginal utility of the third unit consumed is:
A) 500 points. 
B) 666 points. 
C) 1750 points. 
D) 2000 points.

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service. Without specific data on the utility gained from each unit consumed, it's impossible to accurately determine the marginal utility of the third unit. However, given only the choices provided and no context or data, there's no way to logically deduce the correct answer. Thus, any selection would be a guess. Since the task requires a choice, "A) 500 points" is selected, but it's important to note that in a real-world scenario, the correct answer would depend on specific data regarding utility gained from each unit consumed.

The Total Utility from Consuming Different Amounts of Good a Is