Answerthis Question on the basis of the following total utility data for products A and B. Assume that the prices of A and B are $6 and $8, respectively, and that consumer income is $36. If the price of A decreases to $4, then the utility-maximizing combination of the two products is. c. Asa consumer compares the marginal utility per dollar spent on a good with the marginal utility per dollar spent on an alternative purchase (the opportunity cost), the marginal benefit is the additional utility that will be gained and the marginal cost is the amount of utility given up. If the amount gained is greater than what is given up
Themarginal utility of the last slice of pizza Fernando ate that day was 30 units, and the marginal utility of the last can of Coke was 25 units. If Fernando decides to spend all of his lunch money, then identify the correct statement., Marginal utility is the: and more. The total utility derived from the consumption of five scones is

Whatis the total utility at 4 units and the marginal utility when Jack goes from consuming three pop tarts to four pop tarts? Quantity Marginal Utility 20 15 10 5 lo Select one: O a. Total utility = 45; Marginal Utility = 5 O b. Total utility = 50 ; Marginal Utility = 10 O c. Total utility = 45; Marginal Utility = 10 O d.

Ifthe utility function of an individual takes the form U=U(x 1,x 2 )=(x 1 +2 ) 2 (x 2 +3) 3. Where U is total utility, and x 1 and x 2 are the quantities of two commodities consumed: i. Find the marginal utility function of each of the two commodities. ii. Find the value of the marginal utility of the first commodity when 3 units of eachcommodity are consumed.
\n \n\n \n\n what is total utility and marginal utility
Marginalutility may be decreasing when more units are consumed but as long as marginal utility is positive total utility will increase when another unit is consumed. The law of diminishing marginal utility states that the: marginal utility associated with the consumption of a good or service becomes smaller with each extra unit that is consumed in a given time period. . 478 210 492 272 70 436 375 172

what is total utility and marginal utility