Quantity Total utility Marginal utility 1 250 180 3 580 4 700 100 The above table gives some of Tammy's total and marginal utilities from comedy videos. Which of the following statements is TRUE? A. Tammy's marginal utility from the first comedy video is less than her marginal utility from the third comedy video. B. Tammy's total utility from five comedy videos is 800. C. Tammy's marginal utility from the third comedy video is equal to 580/3. D. None of the above answers are correct.
Quantity Total utility Marginal utility 1 250 180 3 580 4 700 100 The above table gives some of Tammy's total and marginal utilities from comedy videos. Which of the following statements is TRUE? A. Tammy's marginal utility from the first comedy video is less than her marginal utility from the third comedy video. B. Tammy's total utility from five comedy videos is 800. C. Tammy's marginal utility from the third comedy video is equal to 580/3. D. None of the above answers are correct.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 3SQP
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Transcribed Image Text:Quantity
Total utility
Marginal utility
1
250
180
580
4
700
100
The above table gives some of Tammy's total and marginal utilities from comedy videos. Which of the following statements is TRUE?
A. Tammy's marginal utility from the first comedy video is less than her marginal utility from the third comedy video.
B. Tammy's total utility from five comedy videos is 800.
C. Tammy's marginal utility from the third comedy video is equal to 580/3.
D. None of the above answers are correct.
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