-Refer to the above table. The marginal utility of the 7th movie for Michelle is
A) 15 units of utility.
B) 20 units of utility.
C) 35 units of utility.
D) 435 units of utility.

Question

-Refer to the above table. The marginal utility of the 7th movie for Michelle is
A) 15 units of utility. 
B) 20 units of utility. 
C) 35 units of utility. 
D) 435 units of utility.

Quizplus · Accepted Answer

The marginal utility of the 7th movie is the additional utility gained from watching the 7th movie compared to the 6th. If the table shows that the total utility for 6 movies is 420 and for 7 movies is 435, the marginal utility is 435 - 420 = 15 units.

-Refer to the Above Table