-In the above table, what is the marginal utility of the second hotdog consumed?
A) 10
B) 90
C) 30
D) 40

Name: -In the above table, what is the marginal utility of the second hotdog consumed? A) 10 B) 90 C) 30 D) 40
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Question

-In the above table, what is the marginal utility of the second hotdog consumed?
A) 10 
B) 90 
C) 30 
D) 40

Quizplus · Accepted Answer

The marginal utility is the additional satisfaction gained from consuming one more unit of a good. If the total utility from consuming one hotdog is 50 and from two hotdogs is 90, the marginal utility of the second hotdog is 90 - 50 = 40.

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