Question

Jack receives 30 utils from one apple, 45 utils from two apples, and 55 utils from three apples. It follows that the marginal utility of the third apple is __________ utils and that Jack's __________utility rises as his __________ declines.

Answer 1

Answer:

10

Total

Marginal

Explanation:

Marginal utility is the change in utility that occurs from consuming one extra unit of a good.

Marginal utitiy = 55 utils - 45 utils = 10 utils

Total utility is the utility derived from consuming a good or service.

When :

1. Total utility is 45 , marginal utility is 15

2. total utility is 55, marginal utility is 10

This shows that as total utility increases, marginal utility falls.

I hope my answer helps you