Complete Table 19.2 below:
$\begin{array}{lll}
\text { Quantity } & \text { Total } & \text { Marginal } \
\underline{\text { Consumed }} & \underline{\text { Utility }} & \underline{ \text { Utility }} \
1 & 15 & 15 \
2 &\underline{\quad\quad} & 9 \
3 & 30&\underline{\quad\quad}\
4&\underline{\quad\quad}&3\
\end{array}$

$\text {Table $19.2$}$
$\text {Utility Schedule}$ In Table 19.2, the marginal utility of the third unit is
A)3.
B)5.
C)6.
D)30.

Question

Complete Table 19.2 below:
$\begin{array}{lll}
\text { Quantity } & \text { Total } & \text { Marginal } \
 \underline{\text { Consumed }} & \underline{\text { Utility }} & \underline{ \text { Utility }} \
 1 & 15 & 15 \
2 &\underline{\quad\quad} & 9 \
3 & 30&\underline{\quad\quad}\
4&\underline{\quad\quad}&3\
\end{array}$

$\text {Table $19.2$}$
$\text {Utility Schedule}$ In Table 19.2, the marginal utility of the third unit is
A)3.
B)5.
C)6.
D)30.

Quizplus · Accepted Answer

The marginal utility of the third unit can be calculated by subtracting the total utility of the second unit (20) from the total utility of the third unit (26), which gives a result of 6. This means that the consumer receives an additional utility of 6 from consuming the third unit. The best choice for the consumer would be to consume three units of the good, as this gives them the highest level of total utility (26) and therefore the greatest satisfaction.

Complete Table 19 Table 19.2\text {Table \(19.2\)}Table 19.2 Utility Schedule\text {Utility Schedule}Utility Schedule In Table 19

Complete Table 19 $\text {Table \(19.2\)}$ $\text {Utility Schedule}$ In Table 19