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22 September, 21:21

Suppose will receives 350 utils from consuming one banana and 490 utils from consuming two bananas. what is the marginal utility of the second banana?

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  1. 22 September, 23:42
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    Marginal utility is defined as the additional satisfaction that a consumers gets when he/she consumes an additional unit of a certain good or service.

    Marginal utility can be calculated by subtracting the utils of consuming the additional (2nd) unit from the utils of consuming the 1st unit.

    Applying this to the question here:

    Marginal utility = utils of 2nd banana - utils of 1st banana

    Marginal utility = 490 - 350 = 140
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