Asked by Abigail Kooiker on Jun 29, 2024
Verified
(Table: The Utility of Macaroni and Cheese) Use Table: The Utility of Macaroni and Cheese.Carmen loves eating macaroni and cheese on Thanksgiving.The marginal utility she derives from the second serving she eats is _____ units.
A) 35
B) 15
C) 10
D) 5
Marginal Utility
The additional satisfaction or usefulness obtained from acquiring or consuming one more unit of a good or service.
Units
Quantities measured according to specific standards for purposes of counting, comparison, or calculation.
- Gain insight into the concept of marginal utility and its implementation in the preferences of consumers.
Verified Answer
PM
Parin MuntahaJun 30, 2024
Final Answer :
B
Explanation :
According to the table, the marginal utility from the second serving of macaroni and cheese is 15 units. Therefore, option B is the correct answer.
Learning Objectives
- Gain insight into the concept of marginal utility and its implementation in the preferences of consumers.