TABLE 6-6

-Refer to Table 6-6. The table gives Lola's total utility from purchasing pairs of shoes. What is her marginal utility from the second pair?
A) 7
B) 8
C) 27
D) 35

Question

TABLE 6-6
 
-Refer to Table 6-6. The table gives Lola's total utility from purchasing pairs of shoes. What is her marginal utility from the second pair?
A) 7 
B) 8 
C) 27 
D) 35

Quizplus · Accepted Answer

Marginal utility is the change in total utility from consuming an additional unit. If the total utility from the first pair is X and from the second pair is Y, then the marginal utility from the second pair is Y - X.

TABLE 6-6 -Refer to Table 6-6. the Table Gives Lola's Total Utility