Gilberto's reservation prices for tubs of hummus are given below. Q (Tubs) Reservation Price (S 1 28 2 22 3 16 14 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:

Gilberto's reservation prices for tubs of hummus are given below. Q (Tubs) Reservation Price (S 1 28 2 22 3 16 14 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:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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