Question 8 Total Utility Oranges Marginal Utility Total Utility Oranges Marginal Utility Lemons Quantity Lemons 10 8. 15 10 5 10 18 25 30 1 2 15 25 30 4 34 Refer to the table above. What is the marginal utility of the fourth orange? a) 1 b) 4 c) 7 d) 10

Question 8 Total Utility Oranges Marginal Utility Total Utility Oranges Marginal Utility Lemons Quantity Lemons 10 8. 15 10 5 10 18 25 30 1 2 15 25 30 4 34 Refer to the table above. What is the marginal utility of the fourth orange? a) 1 b) 4 c) 7 d) 10

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 8RQ: Is it possible for total utility to increase while marginal utility diminishes? Explain.

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