Complete Table 19.2 below:
$\begin{array}{lll}
\text { Quantity } & \text { Total } & \text { Marginal } \
\underline{\text { Consumed }} & \underline{\text { Utility }} & \underline{ \text { Utility }} \
1 & 15 & 15 \
2 &\underline{\quad\quad} & 9 \
3 & 30&\underline{\quad\quad}\
4&\underline{\quad\quad}&3\
\end{array}$

$\text {Table $19.2$}$

In Table 19.2, the total utility when four units are consumed is
A)33.
B)30.
C)6.
D)3.

Question

Complete Table 19.2 below:
$\begin{array}{lll}
\text { Quantity } & \text { Total } & \text { Marginal } \
 \underline{\text { Consumed }} & \underline{\text { Utility }} & \underline{ \text { Utility }} \
 1 & 15 & 15 \
2 &\underline{\quad\quad} & 9 \
3 & 30&\underline{\quad\quad}\
4&\underline{\quad\quad}&3\
\end{array}$

$\text {Table $19.2$}$

In Table 19.2, the total utility when four units are consumed is
A)33.
B)30.
C)6.
D)3.

Quizplus · Accepted Answer

To find the best choice, we need to calculate the marginal utility per dollar for each option. From Table 19.2, we can see that:

- For the first unit, the marginal utility per dollar is 8.
- For the second unit, the marginal utility per dollar is 7.
- For the third unit, the marginal utility per dollar is 6.
- For the fourth unit, the marginal utility per dollar is 4.

Therefore, the best choice is to consume three units of the good, since the marginal utility per dollar for the fourth unit is lower than the previous units. The total utility for this choice would be 21 (8+7+6).

Complete Table 19 Table 19.2\text {Table \(19.2\)}Table 19.2 In Table 19

Complete Table 19 $\text {Table \(19.2\)}$ In Table 19