-In the above table, what is the marginal utility of the fourth hotdog consumed?
A) 10
B) 30
C) 120
D) 130

Question

-In the above table, what is the marginal utility of the fourth hotdog consumed?
A) 10 
B) 30 
C) 120 
D) 130

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service. It is calculated by taking the difference in total utility from consuming the current unit compared to the previous unit. In this case, the marginal utility of the fourth hotdog is the difference in total utility between consuming four hotdogs and three hotdogs, which is 10.

-In the Above Table, What Is the Marginal Utility of the Fourth