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Karen O'Brien Has the Demand Schedule for Grapefruit Shown in the Table

Question 130

Essay

Karen O'Brien has the demand schedule for grapefruit shown in the table below.
A)Her total utility for four grapefruits would be ____.
B)Her marginal utility from the fifth grapefruit would be ____.
C)If the price were 40 cents,her consumer surplus would be ____.
 Price  Quantity Demand  Marginal Utility  Total Utility $1.001$.702$.503$.404$.255\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demand } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 1.00 & 1 & & \\\hline \$ .70 & 2 & & \\\hline \$ .50 & 3 & & \\\hline \$ .40 & 4 & & \\\hline \$ .25 & 5 & & \\\hline\end{array}

Correct Answer:

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\[\begin{array} { | c | c | c | c | }
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