Homework Answers
| Number of Bananas | Total Utility | Marginal Utility |
| 1 | $0.30 | - |
| 2 | $0.45 | $0.45-$0.30 = $0.15 |
| 3 | $0.55 | $0.55-$0.45 = $0.10 |
| 4 | $0.63 |
$0.63-$0.55 = $0.08 |
| 5 | $0.70 | $0.70-$0.63 = $0.07 |
18. The marginal utility is the additional utility obtained when one more unit of a good is consumed. So, the marginal utility of the third unit is $0.10. Therefore, the correct answer is 'Option D'.
19. The consumer will make optimal decision at the point where the marginal utility is equal to the marginal cost. Since the marginal cost is $0.08 which is the price of banana. Therefore, the optimal decision is to buy 4 bananas. The correct answer is 'Option D'.
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