Question

Mollie derives total utility of 20 utils after having 6 mangoes and total utility on

consuming 7 mangoes is 19 what is her marginal utility for the 5th mango?

(a) + 1 util

(b) 0 util

(c) – 1 util

(d) 9 utils ​

Answer 1

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Answer 2

The correct answer to this question is option (c) - 1 util.

Explanation:

• Marginal utility is the supplementary satisfaction that a consumer gets from having one more unit of a product or service.  

• The theory of marginal utility is utilized by economists to govern how much of an article, consumers are eager to purchase.

• The law of falling marginal utility is frequently used to justify increasing taxes.

• Marginal utility can be zero, positive, or negative.