Lynda Carlson collects wacky colored and shaped eyeglasses. Her husband found a new multicolored pair and bought it for her. She adds it to her collection, which she now values at $950. Before the new purchase, she valued the collection at $910. What can we say about the marginal utility to her of the new eyeglasses and its relationship to the marginal utility of any of the eyeglasses she already had?

Question

Quizplus · Accepted Answer

The marginal utility of the new eyeglasses is the difference in the value of the collection before and after the purchase, which is $950 - $910 = $40.

Lynda Carlson Collects Wacky Colored and Shaped Eyeglasses