What is the total utility at 3 units and the marginal utility when Jill goes from consuming two bananas to three bananas?
Quantity |
Marginal Utility |
1 |
20 |
2 |
15 |
3 |
10 |
4 |
5 |
5 |
0 |
6 |
-5 |
Total utility = 45 ; Marginal Utility = 10
Total utility = 45 ; Marginal Utility = 5
When Jill consumes 3 bananas, marginal utility (all added up) gives total utility = 20 + 15 + 10 = 45 utils
Marginal utility when Jill goes from consuming two bananas to three bananas = 10 utils (as given in the table)
What is the total utility at 3 units and the marginal utility when Jill goes from...
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