Complete the table below to answer question 2.: Units of Good X Total Utility Ma

Question

Complete the table below to answer question 2.:

  Units of Good X          Total Utility             Marginal Utility

0                                  0                                 X

1                                40                                40

2                                76                                __

3 106                                __

4 128                                __

5 140                                __

6 146                                __

7 148                                __

What is the marginal utility of the 2nd unit of Good X?

Explanation / Answer

Marginal utility of the 2nd unit of Good X = 36   (i.e. 76 - 40)

Units of good X (Q) Total Utility MU = TU /Q 0 0 1 40 40 2 76 36 3 106 30 4 128 22 5 140 12 6 146 6 7 148 2

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