Table 6.3
$$\begin{array} { | c | c | c | }
\hline \text { Scones } & \text { Total Utility } & \text { Marginal Utility } \
\hline 1 & 10 & - \
\hline 2 & 18 & - \
\hline 3 & 24 & 6 \
\hline 4 & 28 & - \
\hline 5 & 30 & 2 \
\hline
\end{array}$$
-Refer to Table 6.3,which shows the total utility and marginal utility derived from the consumption of scones.The first column of the table represents the number of scones a consumer consumes in a day.The second column of the table presents the total utility derived from that consumption,and the third column shows the marginal utility of each additional scone.The marginal utility of the fourth scone is _____ units.
A)4
B)7
C)6
D)24
E)2

Question

Table 6.3
 $$\begin{array} { | c | c | c | } 
\hline \text { Scones } & \text { Total Utility } & \text { Marginal Utility } \
\hline 1 & 10 & - \
\hline 2 & 18 & - \
\hline 3 & 24 & 6 \
\hline 4 & 28 & - \
\hline 5 & 30 & 2 \
\hline
\end{array}$$
-Refer to Table 6.3,which shows the total utility and marginal utility derived from the consumption of scones.The first column of the table represents the number of scones a consumer consumes in a day.The second column of the table presents the total utility derived from that consumption,and the third column shows the marginal utility of each additional scone.The marginal utility of the fourth scone is _____ units.
A)4
B)7
C)6
D)24
E)2

Quizplus · Accepted Answer

The marginal utility of the fourth scone is calculated by subtracting the total utility of consuming 3 scones (24) from the total utility of consuming 4 scones (28), which equals 4 units.

Table 63 -Refer to Table 6