-The table above gives Ali's total utility from consuming bottles of soft drink and slices of pizza. The price of pizza is $2 per slice and the price of soft drink is $1 per bottle. His marginal utility from the 4th slice of pizza is
A) 34.
B) 17.50.
C) 7.
D) 3.50.
E) 27.

Question

-The table above gives Ali's total utility from consuming bottles of soft drink and slices of pizza. The price of pizza is $2 per slice and the price of soft drink is $1 per bottle. His marginal utility from the 4th slice of pizza is
A) 34. 
B) 17.50. 
C) 7. 
D) 3.50. 
E) 27.

Quizplus · Accepted Answer

The marginal utility is the change in total utility from consuming an additional unit. If the total utility from the 3rd slice is X and from the 4th slice is Y, then the marginal utility from the 4th slice is Y - X. The problem implies that this value is 7.

-The Table Above Gives Ali's Total Utility from Consuming Bottles