-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 bottle of soft drink is
A) 3.
B) 5.25.
C) 21.
D) 34.
E) 3 units for soft drink ÷ 7 units for pizza.

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 bottle of soft drink is
A) 3. 
B) 5.25. 
C) 21. 
D) 34. 
E) 3 units for soft drink ÷ 7 units for pizza.

Quizplus · Accepted Answer

The marginal utility of the 4th bottle of soft drink is the additional utility Ali gets from consuming the 4th bottle compared to the 3rd. If the total utility from 3 bottles is, for example, 31 units, and from 4 bottles is 34 units, the marginal utility of the 4th bottle would be 34 - 31 = 3 units.

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