**Table of Total Utility**| Number of Units | Total Utility ||-----------------|---------------|| 1 | 100 || 2 | 190 || 3 | 270 || 4 | 340 || 5 | 400 || 6 | 450 |**Question:**What is the marginal utility of the second unit?**Options:**- A) 95- B) 47.5- C) 190- D) 90*Correct Answer: D) 90***Explanation:**Marginal utility is calculated by finding the difference in total utility as each additional unit is consumed. - For the second unit: Marginal Utility = Utility of 2 units - Utility of 1 unit Marginal Utility = 190 - 100 Marginal Utility = 90Thus, the marginal utility of the second unit is 90.

The table below represents the utility at different levels of units:Number of units Total…

Answered: Use the table below to answer the…

Use the table below to answer the following question. Number of Units A) 95 B) 47.5 190 90 1 2 3 4 5 6 What is the marginal utility of the second unit? Total Utility 100 190 270 340 400 450

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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