a. What is the marginal utility of each slice of pizza? Book Quantity Consumed Total Utility Marginal Utility No slices 0 Print First slice 20 rences Second slice 38 Third slice 45 Fourth slice 44 Fifth slice 39 Sixth slice 30 Seventh slice 15 b. Marginal utility first diminishes with slice number c. Marginal utility first turns negative with slice numberSaved ent i Problem 04-05 (algo) Degree of Elasticity Estimate Relatively elastic (E > 1) Airline travel, long run 2.4 Fresh fish 2.2 New cars, short run 1.5 Roughly unitary elastic (E = 1) Private education 1.1 Radios and televisions 1.2 Shoes 0.9 Relatively inelastic (E