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Your total utility from eating rambutans increased from 400 for 10 rambutans to 500 for 14 rambutans. The increase in total utility of 100 occurred from an increase in consumption of 4 rambutans. Therefore, your marginal utility from each additional rambutan is 25.

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147 views

7

Your total utility from eating rambutans increased from 400 for 10 rambutans to 500 for 14 rambutans. The increase in total utility of 100 occurred from an increase in consumption of 4 rambutans. Therefore, your marginal utility from each additional rambutan is 25.

Uploaded by

NurulFatimah
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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7.Suppose your utility in eating rambutans can be measured quantitatively.

When eating 10 rambutans your total utility, say, is 400. Your total utility increased to 500 when eating 14 rambutans. Based on these two levels of consumption, it means that: a.your total utility becomes 900 accumulatively b.your marginal utility is 100 c.your marginal utility is 25 d.your average utility is 25 e.your average utility is 100

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