Suppose the following table reflects the total satisfaction (utility) derived from eating pizza: Quantity consumed Total utility 1 2 3 4 7 47 92 122 135 137 120 70 (a) What is the marginal utility when the 4th pizza is eaten? (b) When does marginal utility first diminish? (c) When does marginal utility first turn negative?
Suppose the following table reflects the total satisfaction (utility) derived from eating pizza: Quantity consumed Total utility 1 2 3 4 7 47 92 122 135 137 120 70 (a) What is the marginal utility when the 4th pizza is eaten? (b) When does marginal utility first diminish? (c) When does marginal utility first turn negative?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Suppose the following table reflects the total satisfaction (utility) derived from eating
pizza:
Quantity consumed
Total utility
1
2
3
4
6.
7
47
92
122
135
137
120
70
(a) What is the marginal utility when the 4th pizza is eaten?
(b) When does marginal utility first diminish?
(c) When does marginal utility first turn negative?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F283976c9-9c1e-48dd-b998-7f2bc0c54e38%2Ff4920e26-1b53-4999-9642-b4ae24c060aa%2Fyccoqkb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose the following table reflects the total satisfaction (utility) derived from eating
pizza:
Quantity consumed
Total utility
1
2
3
4
6.
7
47
92
122
135
137
120
70
(a) What is the marginal utility when the 4th pizza is eaten?
(b) When does marginal utility first diminish?
(c) When does marginal utility first turn negative?
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