-The table above gives the utility from pens and pencils. The marginal utility derived from the third pen is
A) 200.
B) 155.
C) 445.
D) 45.

Name: -The table above gives the utility from pens and pencils. The marginal utility derived from the third pen is A) 200. B) 155. C) 445. D) 45.
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Question

-The table above gives the utility from pens and pencils. The marginal utility derived from the third pen is
A) 200. 
B) 155. 
C) 445. 
D) 45.

Quizplus · Accepted Answer

The marginal utility is the additional utility gained from consuming one more unit. If the utility from two pens is 400 and from three pens is 445, the marginal utility from the third pen is 445 - 400 = 45.

-The Table Above Gives the Utility from Pens and Pencils