Suppose this table shows your demand schedule for Buffalo chicken wings.(a)What is your total utility from four wings? (b)What is your marginal utility from the fifth wing? (c)If the price is $.25,how much will your consumer surplus be?
$$\begin{array} { | c | c | c | c | }
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 1.00 & 1 & & \
\hline \$ .90 & 2 & & \
\hline \$ .80 & 3 & & \
\hline \$ .65 & 4 & & \
\hline \$ .50 & 5 & & \
\hline \$ .40 & 6 & & \
\hline \$ .25 & 7 & & \
\hline \$ .10 & 8 & & \
\hline
\end{array}$$

Question

Suppose this table shows your demand schedule for Buffalo chicken wings.(a)What is your total utility from four wings? (b)What is your marginal utility from the fifth wing? (c)If the price is $.25,how much will your consumer surplus be?
$$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 1.00 & 1 & & \
\hline \$ .90 & 2 & & \
\hline \$ .80 & 3 & & \
\hline \$ .65 & 4 & & \
\hline \$ .50 & 5 & & \
\hline \$ .40 & 6 & & \
\hline \$ .25 & 7 & & \
\hline \$ .10 & 8 & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Suppose this table shows your demand schedule for Buffalo chicken wings.(a)What is your total utility from four wings? (b)What is your marginal utility from the fifth wing? (c)If the price is $.25,how much will your consumer surplus be?
$$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 1.00 & 1 & & \
\hline \$ .90 & 2 & & \
\hline \$ .80 & 3 & & \
\hline \$ .65 & 4 & & \
\hline \$ .50 & 5 & & \
\hline \$ .40 & 6 & & \
\hline \$ .25 & 7 & & \
\hline \$ .10 & 8 & & \
\hline
\end{array}$$

Suppose This Table Shows Your Demand Schedule for Buffalo Chicken