Suppose the seventh carrot you consume provides a marginal utility of 3 utils and the eighth carrot provides a marginal utility

Question

3 years ago

5

of 2 utils. If you consume the eighth carrot your total utility will

1 answer:

n200080 [17] · Answer 1 · 2022-06-08T14:16:23+03:00

Answer:

the total utility in the case when you consume eight carrots is 5 utils

Explanation:

The computation of the total utility in the case when you consume eight carrots is shown below:

= Marginal utility when seventh carrot is consumed + marginal utility when eight carrot is consumed

= 3 utils + 2 utils

= 5 utils

Hence, the total utility in the case when you consume eight carrots is 5 utils