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Suppose that the total utility from consuming one unit of good X is 54 utils, the total utility of ...

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Suppose that the total utility from consuming one unit of good X is 54 utils, the total utility of ...

Suppose that the total utility from consuming one unit of good X is 54 utils, the total utility of two units of good X is 74 utils, and the total utility of three units of good X is 84 utils. The marginal utility of the third unit is

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10 utils.

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70.67 utils.

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12.25 utils.

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20 utils.

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Economics

Edition: 12^th

Author: Arnold

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Good timing, thanks!

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