The tables below provide Sam's total utility for coffee and tea. Instructions: Enter your answers as a whole number. a. Fill in the missing values for marginal utility. Coffee and Sam's Utility Cups of Coffee            Total Utility (utils)           Marginal Utility (utils)           0                                    0                                     -           1                                  20                                _______           2                                  35                               ________           3                                  47                               ________           4                                  55                               ________           5                                  61                                _______           6                                  66                                 _______   Tea and Sam's Utility  Cups of Tea               Total Utility (utils)                Marginal Utility (utils)          0                                 0

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Problem 1QTC
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Question

The tables below provide Sam's total utility for coffee and tea.

Instructions: Enter your answers as a whole number.

a. Fill in the missing values for marginal utility.

Coffee and Sam's Utility

Cups of Coffee            Total Utility (utils)           Marginal Utility (utils)

          0                                    0                                     -

          1                                  20                                _______

          2                                  35                               ________

          3                                  47                               ________

          4                                  55                               ________

          5                                  61                                _______

          6                                  66                                 _______

 

Tea and Sam's Utility 

Cups of Tea               Total Utility (utils)                Marginal Utility (utils)

         0                                 0                                           -

         1                               12                                        _______

         2                               20                                        ________

        3                                26                                        ________

        4                                30                                       ________

        5                                33                                       ________

        6                                35                                       ________

 

b. what is Sam's total utility if he consumes 4 cups of coffee and 3 cups of tea?

____ utils

c. Suppose Sam consumes an additional cup of tea. By how much would Sam's utility increase?

____ utils

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