Gilberto's reservation prices for tubs of hummus are given below. Q (Tubs) 1 2 3 4 5 Reservation Price ($) 28 22 16 14 13 11 Gilberto can also consume other foods which give him a constant marginal utility of 8.8 utils and cost $6.2. What is Gilberto's marginal utility from the 4th tub of hummus?

Gilberto's reservation prices for tubs of hummus are given below. Q (Tubs) 1 2 3 4 5 Reservation Price ($) 28 22 16 14 13 11 Gilberto can also consume other foods which give him a constant marginal utility of 8.8 utils and cost $6.2. What is Gilberto's marginal utility from the 4th tub of hummus?

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Gilberto's reservation prices for tubs of hummus are given below.
Q (Tubs) Reservation Price
Answer:
($)
1
2
22
IN
3
16
4
14
5
6
at
28
13
11
Gilberto can also consume other foods which give him a constant marginal utility of 8.8 utils and cost $6.2. What is Gilberto's marginal
utility from the 4th tub of hummus?

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