Question
The table below represents how Marco feels about chocolate candy bars. a. Fill in the missing values for total utility and marginal utility. Instructions: Enter
The table below represents how Marco feels about chocolate candy bars.
a. Fill in the missing values for total utility and marginal utility.
Instructions: Enter your answers as a whole number.
Chocolate Candy Bars and Marco's Utility
Chocolate Candy Bars | Total Utility (utils) | Marginal Utility (utils) |
| 0 | 0 | |
| 1 | 28 | |
| 2 | 20 | |
| 3 | 63 | |
| 4 | ||
| 5 | 81 | 7 |
| 6 | 2 |
Suppose Marco currently has two candy bars.You tell Marco you will give him either a soda, which gives him 24 utils of happiness, or two additional candy bars.
b. Which is he likely to prefer?
(Click to select) Two extra candy bars A soda
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
