The following table lists the utility that Steve receives from consuming oranges at $0.50 apiece. What is the marginal utility of increasing consumption from two to three oranges? $\begin{array}{|c|c|}
\hline \text {Number af aranges}& \text {Total utility}\
\hline 0 & 0 \
\hline 1 & 4 \
\hline 2 & 9\
\hline 3 & 15 \
\hline 4 & 20 \
\hline 5 & 24 \
\hline
\end{array}$
A) 3
B) 6
C) 5
D) 12

Question

The following table lists the utility that Steve receives from consuming oranges at $0.50 apiece. What is the marginal utility of increasing consumption from two to three oranges? $\begin{array}{|c|c|}
\hline \text {Number af aranges}& \text {Total utility}\
\hline 0 & 0 \
\hline 1 & 4 \
\hline 2 & 9\
\hline 3 & 15 \
\hline 4 & 20 \
\hline 5 & 24 \
\hline
\end{array}$  
A) 3
B) 6
C) 5
D) 12

Quizplus · Accepted Answer

The marginal utility is the change in total utility from consuming one more unit. From two to three oranges, the total utility increases from 9 to 15, so the marginal utility is 15 - 9 = 6.

The Following Table Lists the Utility That Steve Receives from Consuming