-Refer to the above table. The marginal utility of the 5th movie for Michelle is
A) 40 units of utility.
B) 50 units of utility.
C) 60 units of utility.
D) 390 units of utility.

Question

-Refer to the above table. The marginal utility of the 5th movie for Michelle is
A) 40 units of utility. 
B) 50 units of utility. 
C) 60 units of utility. 
D) 390 units of utility.

Quizplus · Accepted Answer

The marginal utility is the additional utility gained from consuming one more unit. If the table shows that the total utility for 4 movies is 340 and for 5 movies is 390, the marginal utility for the 5th movie is 390 - 340 = 50 units.

-Refer to the Above Table