-Using the above table, what is the marginal utility of the 4th soda?
A) 23.2
B) 5
C) 10
D) 15

Name: -Using the above table, what is the marginal utility of the 4th soda? A) 23.2 B) 5 C) 10 D) 15
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Question

-Using the above table, what is the marginal utility of the 4th soda?
A) 23.2 
B) 5 
C) 10 
D) 15

Quizplus · Accepted Answer

The marginal utility is the additional utility gained from consuming one more unit of a good. If the table shows the total utility for each soda, the marginal utility of the 4th soda is the difference in total utility between the 4th and 3rd sodas, which is 5.

-Using the Above Table, What Is the Marginal Utility of the 4th