If total utility increases from 10 to 15 for the second unit of a good consumed, the marginal utility of the second unit is 15.

Name: If total utility increases from 10 to 15 for the second unit of a good consumed, the marginal utility of the second unit is 15.
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Question

Quizplus · Accepted Answer

The marginal utility of the second unit is the change in total utility from consuming the second unit, which is 15 - 10 = 5. Therefore, the marginal utility of the second unit is 5, not 15.

If Total Utility Increases from 10 to 15 for the Second