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?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics

Section: Chapter Questions

Problem 3WNG

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Gilberto's reservation prices for tubs of hummus are given below. Q (Tubs) Reservation Price ($ 1 28 2 22 3 16 4. 14 5 13 6 11 Gilberto can also consume other foods which give him a constant marginal utility of 1.2 utils and cost $8.8. What is Gilberto's marginal utility from the 4th tub of hummus? Answer:
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