Ask Question
22 December, 15:06

If maria gets 80 utils from consuming five cookies, 100 utils from consuming six cookies, and 120 utils from consuming seven cookies, then Maria's marginal utility from the sixth cookie is:

+4
Answers (1)
  1. 22 December, 18:34
    0
    The correct answer is 20 Utils

    Explanation:

    Marginal utility is the change in the utility from an increase in the consumption of a good or service.

    Example of Maria

    Maria gets 80 utils from consuming 5 cookies

    If Maria consumes 6 cookies, The Utils change from 80 to 100. This difference of 20 is called marginal utility. (100-80=20)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If maria gets 80 utils from consuming five cookies, 100 utils from consuming six cookies, and 120 utils from consuming seven cookies, then ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers