The total utility of 4 units is 50 and the marginal utility is 5
Total utility is the sum of satisfaction that is derived from the consumption of units of a good or service.
Total utility can be determined by adding the marginal utility of each unit that is consumed.
Total utility of consuming 4 units =<em> marginal utility</em> of the first unit + <em>marginal utility</em> of the second unit + <em>marginal utility</em> of the third unit + <em>marginal </em>utility of the fourth unit
20 + 15 + 10 + 5 = 50
Marginal utility is the change in total utility when consumption increases by unit. Marginal utility is 5
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Answer:
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Step-by-step explanation:
The diagram shows that the total number of buttons with ¾ inch length is 3.
So, if she lines all the ¾ inches buttons, then the total length will be
= ¾ inches × 3
= 9/4 inches
= 2 ¼ inches
B. y=12x+7
Explanation
The slope is 12; slope=m
The yint is 7; yint=b
The equation of a line is set up as so
y=mx+b
Now we just need to replace the variables with the numbers
y=12x+7