Complete question :
If the price of an apple is $0.50, the marginal utility per dollar spent for the fifth apple is:
Number of apples ____total utility
2__________________130
3__________________180
4__________________220
5__________________250
6__________________270
7__________________280
Answer:
60
Explanation:
The marginal utility simply refers to the change or extra satisfaction derived with change in consumption.
Hence, the marginal utility of the fifth apple equals :
Difference /change or extra satisfaction derived by consuming one more than 4 apples = (total utility of 5th apple - total utility of 4th apple)
= (250 - 220) = 30
Hence, marginal utility per dollar :
Marginal utility / price per apple
Price per apple = $0.5
Marginal utility of 5th apple = 30
Therefore,
30 / 0.5
= 60
A type of Medicare Health Plan in which Mr. Lopez can enroll is: B. Private Fee-for-Service (PFFS) plan that does not include drug.
<h3>What is a health care plan?</h3>
A health care plan can be defined as a medical plan for the medical care of a particular patient which covers a part or whole risk and cost of the medical expenses incurred such as Medicare.
Basically, some patients (clients) are advised by their agents to fill the prescriptions for covered drugs at non-network pharmacies at a higher cost than is normally paid at an in-network pharmacy.
In this context, we can infer and logically deduce that a type of Medicare Health Plan in which Mr. Lopez can enroll is: B. Private Fee-for-Service (PFFS) plan that does not include drug.
Read more on Medicare here: brainly.com/question/14166257
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