Table 6.2
$$\begin{array} { | c | c | }
\hline \text { Units Consumed } & \text { Total Utility } \
\hline 0 & 0 \
\hline 1 & 30 \
\hline 2 & 65 \
\hline 3 & 85 \
\hline 4 & 89 \
\hline 5 & 88 \
\hline
\end{array}$$
-Refer to Table 6.2,which shows the total utility derived from the consumption of a good.The first column of the table shows the number of units of the good consumed in a day,and the second column of the table shows the total utility derived from that consumption.What is the marginal utility of consuming the second unit?
A)0
B)30
C)35
D)20
E)65

Question

Table 6.2
 $$\begin{array} { | c | c | } 
\hline \text { Units Consumed } & \text { Total Utility } \
\hline 0 & 0 \
\hline 1 & 30 \
\hline 2 & 65 \
\hline 3 & 85 \
\hline 4 & 89 \
\hline 5 & 88 \
\hline
\end{array}$$
-Refer to Table 6.2,which shows the total utility derived from the consumption of a good.The first column of the table shows the number of units of the good consumed in a day,and the second column of the table shows the total utility derived from that consumption.What is the marginal utility of consuming the second unit?
A)0
B)30
C)35
D)20
E)65

Quizplus · Accepted Answer

Marginal utility is the change in total utility from consuming one more unit of a good. From the table, the total utility of consuming 1 unit is 30 and for 2 units is 65. Therefore, the marginal utility of the second unit is 65 - 30 = 35.

Table 62 -Refer to Table 6