One student loves donuts. He receives 100 units of utility for the first donut, an additional 80 for the second, an additional 60 for the third, another 50 for the fourth, and another 20 for the fifth. The marginal utility of the fourth donut is ________ and the total utility from consuming four donuts is ________.

Question

Quizplus · Accepted Answer

The marginal utility of the fourth donut is the additional utility received from consuming it, which is 50. The total utility from consuming four donuts is the sum of the utility values for each donut: 100 (first) + 80 (second) + 60 (third) + 50 (fourth) = 290.

One Student Loves Donuts