Solved Problems
Chapter 6
TABLE OF CONTENTS
Question 1 of 1
Step 1
Solved Problems
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You must read each slide, and complete any questions on the slide, in sequence.
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 | |
| 4 | 377 | |
| 5 | 392 | |
| 6 | 398 | |
| 7 | 400 |
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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