a. Fill in the missing values for total utility and marginal utility. Instructions: Enter your answers as a whole number Chocolate Candy Bars and Marc's Utility Chocolate Candy Bars Total Utility (utils) Marginal Utility (utils) 0 0 - 1 26 ____ 2 18 3 57 _ 4 _ 5 71 5 6 __ 0 Suppose Marco currently has two candy bars. You tell Marco you will give him either a soda., which gives him 26 utils of happiness, or two additional candy bars.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The table below represents how Marco feels about chocolate candy bars.

a. Fill in the missing values for total utility and marginal utility.

Instructions: Enter your answers as a whole number

Chocolate Candy Bars and Marc's Utility

Chocolate Candy Bars Total Utility (utils) Marginal Utility (utils)

0 0 -

1 26 ______

2 ____ 18

3 57 _____

4 ____ _____

5 71 5

6 ____ 0

Suppose Marco currently has two candy bars. You tell Marco you will give him either a soda., which gives him 26 utils of happiness, or two additional candy bars.

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