-Refer to the above table. The marginal utility of the 5th movie for Robert is
A) 400 units of utility.
B) 50 units of utility.
C) 60 units of utility.
D) 70 units of utility.

Question

-Refer to the above table. The marginal utility of the 5th movie for Robert is
A) 400 units of utility. 
B) 50 units of utility. 
C) 60 units of utility. 
D) 70 units of utility.

Quizplus · Accepted Answer

The marginal utility is the change in total utility from consuming one more unit. If the total utility from the 4th movie is 240 and from the 5th movie is 300, the marginal utility of the 5th movie is 300 - 240 = 60 units.

-Refer to the Above Table