Use the following figure to answer the question below. The marginal utility of the third unit of X isMultiple Choice15 utils.2 utils.4 utils.5 utils.
Question
Use the following figure to answer the question below.
The marginal utility of the third unit of X is
- Multiple Choice
- 15 utils.
- 2 utils.
- 4 utils.
- 5 utils.
Solution
Answer
To determine the marginal utility of the third unit of X, we need to evaluate the options given:
- 15 utils
- 2 utils
- 4 utils
- 5 utils
Without the specific figure mentioned, we can't analyze it directly. However, the marginal utility typically refers to the additional satisfaction gained from consuming one more unit of a good.
If we had access to the figure, we could identify the change in total utility when moving from the second to the third unit of X. The marginal utility would be calculated as follows:
Where is the total utility after consuming three units, and is the total utility after consuming two units.
Since we don't have the figure, I can't provide a definitive answer. Please refer to the marginal utility values presented in the figure or additional data to identify the correct answer.
If the figure indicates that the change in total utility for the third unit is one of the listed options, select that as your answer. For example, if utils and utils, then:
So in this case, the answer would be 5 utils. Please check the figure or related data for precise calculation.
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