17 **Understanding Marginal Utility: A Practical Example**If Maria gains 80 utils from consuming five cookies, 100 utils from consuming six cookies, and 130 utils from consuming seven cookies, what is Maria's marginal utility from the sixth cookie?**Options:**- 20 utils- 100 utils- 80 utils- 40 utils**Explanation:**Marginal utility refers to the additional satisfaction a consumer gains from consuming one more unit of a good or service. To calculate this, you subtract the total utility after consuming a given number of goods from the total utility after consuming one more unit.In this case:- Total utility for 5 cookies = 80 utils- Total utility for 6 cookies = 100 utils- Marginal utility from the sixth cookie = 100 utils - 80 utils = 20 utilsThus, the correct answer is **20 utils**.

Marginal utility is the additional utility received from consuming an additional unit of a commodity. Since Mariya gets 80 utils from consuming 5 cookies and 100 utils from consuming 6 utils, the marginal or additional utility from the sixth cookie is 100-80= 20 utils. Therefore the correct choice is 20 utils.

Business

Economics

If Maria gets 80 utils from consuming five cookies, 100 utils from consuming six cookies, and 130 utils from consuming seven cookies, then Maria's marginal utility from the sixth cookie is: O 20 utils. O 100 utils. O 80 utils. O 40 utils.

If Maria gets 80 utils from consuming five cookies, 100 utils from consuming six cookies, and 130 utils from consuming seven cookies, then Maria's marginal utility from the sixth cookie is: O 20 utils. O 100 utils. O 80 utils. O 40 utils.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Figure A Q Figure B Figure C Price (dollars per unit) 15- Price (dollars per unit) 15 Price (dollars per unit) 15- 14- 13- 12- 11- 10- MC MC 14- 14- 13- 12- 11- 10- „MC ATC 13- 12- 11- 10- ATC ATC MR MR MR 9- 9- 9- 8- 8- 8- 7- 7- 6- 90 100 100 100 1i0 Quantity (units) 90 110 90 110 15 Qua Quantity (units) Quantity (units) Consider a perfectly competitive firm in a short-run equilibrium. Figure shows a firm in bad times because the firm produces units and makes a(n) O A. A; 100; economic loss O B. B; 90; economic profit O C. A; 110; economic loss O D. C; 100; economic loss O E. C; 100; normal profit
Explain ZONING AND LAND USE?
3 Calculate the income taxes that a person has to pay considering the table below- If a person's income is $6,500, how much does he pay in taxes? If a person's income is $13,500, how much does she pay in taxes? (a) (b) Taxable Up to $5,000 $5,001-$10,000 $10,001-$15,000 Income Taxes 10% of taxable income 14% of taxable income 16% of taxable income
please fill out a-n
Explane the stages a bill must go throught to become an Act of Parliament and the main advantanges of the parliamentary law making process in UK .
How to find best affordable bundle (BAB) ,where the MRS=-20 along Ray 1 and MRS=-15 along Ray 2