What is the total utility at 3 units and the marginal utility when Jenna goes from consuming two units to three units pears? Quantity Marginal Utility 1 35 2 25 3 15 4 10 5 0 6 -5 Group of answer choices Total utility = 75 ; Marginal Utility = 15 Total utility = 75 ; Marginal Utility = 10 Total utility = 40 ; Marginal Utility = 15

What is the total utility at 3 units and the marginal utility when Jenna goes from consuming two units to three units pears? Quantity Marginal Utility 1 35 2 25 3 15 4 10 5 0 6 -5 Group of answer choices Total utility = 75 ; Marginal Utility = 15 Total utility = 75 ; Marginal Utility = 10 Total utility = 40 ; Marginal Utility = 15

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 3SQP

See similar textbooks

Quantity	Marginal Utility
1	35
2	25
3	15
4	10
5	0
6	-5

Similar questions

Praxilla, who lived in ancient Greece, derivesutility from reading poems and from eating cucumbers.Praxilla gets 30 units of marginal utility from her firstpoem, 27 units of marginal utility from her secondpoem, 24 units of marginal utility from her third poem,and so on, with marginal utility declining by three unitsfor each additional poem. Praxilla gets six units ofmarginal utility for each of her first three cucumbersconsumed, five units of marginal utility for each of hernext three cucumbers consumed, four units of marginalutility for each of the following three cucumbersconsumed, and so on, with marginal utility declining byone for every three cucumbers consumed. A poem coststhree bronze coins but a cucumber costs only one bronzecoin. Praxilla has 18 bronze coins. Sketch Praxilla’sbudget set between poems and cucumbers, placingpoems on the vertical axis and cucumbers on thehorizontal axis. Start off with the choice of zero poemsand 18 cucumbers, and calculate the changes in…
What is the total utility at 4 units and the marginal utility when Jack goes from consuming three pop tarts to four pop tarts? Quantity Marginal Utility 1 20 2 15 3 10 4 5 5 0 6 -5 Question 44 options: a) Total utility = 50 ; Marginal Utility = 5 b) Total utility = 45 ; Marginal Utility = 10 c) Total utility = 45 ; Marginal Utility = 5 d) Total utility = 50 ; Marginal Utility = 10
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. Praxilla, who lived in ancient Greece, derives utility from reading poems and from eating cucumbers. Praxilla gets 30 units of marginal utility from her first poem, 27 units of marginal utility from her second poem, 24 units of marginal utility from her third poem, and so on, with marginal utility declining by three units for each additional poem. Praxilla gets six units of marginal utility for each of her first three cucumbers consumed, five units of marginal utility for each of her next three cucumbers consumed, four units of marginal utility for each of the following three cucumbers consumed, and so on, with marginal utility declining by one for every three cucumbers consumed. A poem costs three bronze coins but a cucumber costs only one bronze coin. Praxilla has 18 bronze coins. Sketch Praxilla’s budget set between poems and cucumbers, placing poems on the vertical axis and cucumbers on the horizontal axis. Start off with the choice of zero poems and 18 cucumbers and calculate…