suppose alice receives 123 utils from consuming one hamburger and 70 utils from consuming a second…

suppose alice receives 123 utils from consuming one hamburger and 70 utils from consuming a second hamburger. what is the marginal utility of the second hamburger?\n193 utils\n70 utils\nnone of the other choices\n0 utils\n96.5 utils

suppose alice receives 123 utils from consuming one hamburger and 70 utils from consuming a second hamburger. what is the marginal utility of the second hamburger?\n193 utils\n70 utils\nnone of the other choices\n0 utils\n96.5 utils

Answer

Explanation:

Step1: Recall marginal - utility formula

Marginal utility of the (n)th unit is the additional utility from consuming the (n)th unit.

Step2: Identify given values

Utility from 1st hamburger (U_1 = 123) utils, utility from 2nd hamburger (U_2=70) utils. Marginal utility of the 2nd hamburger is the utility from consuming the 2nd hamburger itself.

Answer:

B. 70 utils