Table 1 Number of Chocolate Bars per Day Total Utility Marginal Utility 1 80 150 200 4 230 10 2- Refer to the table above, 2.a- What is the marginal utility of the second chocolate bar per day? Please calculate.

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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Table 1
Number of
Chocolate Bars per Day
Total Utility
Marginal Utility
1
80
150
3
200
4.
230
5
10
2- Refer to the table above,
RY
2.a- What is the marginal utility of the second chocolate bar per day? Please calculate.
Transcribed Image Text:Table 1 Number of Chocolate Bars per Day Total Utility Marginal Utility 1 80 150 3 200 4. 230 5 10 2- Refer to the table above, RY 2.a- What is the marginal utility of the second chocolate bar per day? Please calculate.
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