The table shoes that when she buys 3 manicures = 122 units
The marginal utility at 3 manicures = total utility at 3 manicures - total utility at 2 manicures = 122 - 90 = 32.
8.1 Review Quiz 3 (algo) The table shows the Gabrielle's total utility from manicures. What is Gabrielle's total utilit...
The table below shows the total utility that John gets from ice cream, for each quantity he consumes. Fill in the third column showing the marginal utility he gets from each additional scoop. Problem 7-2 (Algo) The table below shows the total utility that John gets from ice cream, for each quantity he consumes. Fill in the third column showing the marginal utility he gets from each additional scoop. Instructions: Round your answers to the nearest whole number. Marginal utility...
The Table below shows the Total Utility (TU) and Marginal Utility (MU) derived from the consumption of 10 units of the commodities X and Y. a. Derive a column for the Marginal Utility of x (MU), and a column for the Total Utility of y (TU) b. On separate graphs, plot the Total and Marginal curves for each commodity, placing the panel of the marginal utility curve below the panel for the total utility curve for each commodity saturation and...
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
The table shows Jerry's total utility from lattes and paperback books The price of a latte is $2, the price of a paperback is $4, and Jerry has $12 a week to spend. When Jerry maximizes his total utility, what quantities of lattes and paperbacks does he buy in a week? Jerry maximizes his total utility when he buys lattes and paperbacks a week per week Lattes Quantity Total utility 0 0 14 2 24 3 32 4 38 Paperback...
1. The following total utility schedule (Table 3) of Maria who is consuming goods X and Y when the price of X is $6 and the price of Y is $30. Maria's income is $144. 2 46 3 62 4 | 74 5 80 6 84 Table 3 Ox 1 TUX 28 MUX 28 Qy 1 TUY 150 MUX 150 2 270 3 360 4 420 7 480 450 470 b. Are these preferences consistent with the law of diminishing...