Chapter 1. Chapter 6

Step 1

Solved Problems
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You must read each slide, and complete any questions on the slide, in sequence.

Question

Rhonda derives utility from watching movies over a long weekend. Her total utility is provided in the table below. Fill in the blanks for the marginal utility of each movie, entering whole integers.

Quantity Total Utility Marginal Utility
1 200
2 290 90
3 345 dRMafafjIq0=
4 377 M2l5iUDUXlw=
5 392 U1syIiEJmco=
6 398 yBhAQ+3VvjM=
7 400 XvVM00l89Is=
Table
Marginal utility equals the change in total utility as each additional unit is consumed. For instance, at 3 units, marginal utility = 345 – 290 = 55.
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