Jill gets a total utility of 22 from consuming her first 4 pieces of pizza. When...
Jill gets a total utility of 22 from consuming her first 4 pieces of pizza. When she consumes 5 pieces of pizza she gets a total utility of 25. What is the marginal utility of the fifth piece of pizza consumed?
Homework Answers
Marginal utility = change in the total utility /change in the output.
= 25 -22 / 5-4
= 3 /1
=3. Jill got a marginal utility of 3 from the fifth piece of pizza.
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