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4 October, 07:49

Consuming 2 widgets provides 240 total utility, while consuming 3 widgets provides 270 total utility. What is the marginal utility of consuming the third widget

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  1. 4 October, 08:47
    0
    30

    Explanation:

    Data provided in the question

    Total utility consuming the 2 widgets = 240

    Total utility consuming the 3 widgets = 270

    So by considering the above information, the marginal utility of consuming the third widget is

    = Total utility consuming the 3 widgets - Total utility consuming the 2 widgets

    = 270 - 240

    = 30

    Basically we deduct the total utility consumes 2 widgets from the total utility consumes 3 widgets
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