Table 4.3

-In Table 4.3, at how many sodas is the total utility from sodas maximized?

Name: Table 4.3 -In Table 4.3, at how many sodas is the total utility from sodas maximized?
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Question

Table 4.3
 
-In Table 4.3, at how many sodas is the total utility from sodas maximized?

Quizplus · Accepted Answer

At 3 sodas, the total utility from sodas is maximized because the marginal utility of the third soda is 10, which is greater than the marginal utility of the fourth soda, which is 5.

Table 4.3 -In Table 4.3, at How Many Sodas Is the Total