Answer to Question #278011 in Economics for Another you

Question

A. Find the marginal utility of the following and explain:

• Quantity of burger = 1
• Total Utility = 53
• Marginal Utility = ?

2.

• Quantity of burger = 2
• Total Utility = 65
• Marginal Utility = ?

3.

• Quantity of burger = 3
• Total Utility = 69
• Marginal Utility = ?

4.

• Quantity of burger = 4
• Total Utility = 74
• Marginal Utility = ?

5.

• Quantity of burger = 5
• Total Utility = 83
• Marginal Utility = ?

Answer 1

Marginal utility formula is:

$MU = \frac {TU_{2} - TU_{1} } {Q_{2} - Q_{1} }$

Q TU MU

1 53 -

2 65 12

3 69 4

4 74 5

5 83 9